These are not good times for Japan exchange-traded funds. Not unless the Guggenheim CurrencyShares Japanese (NYSE: FXY) is the ETF being considered. Due to the yen's status as a safe-haven, and a preferred safe-haven at that, FXY is up 8.7 percent year-to-date.
That is not good news for the equity-based Japan ETFs and that goes for currency hedged and non-hedged funds. The two largest Japan ETFs trading in New York are down an average of 14.5 percent this year. Off the beaten path, investors could be doing significantly less bad with another Japan ETF, which could be a sign that when stocks in Asia's second-largest economy rebound, this ETF will be a leader.
That ETF is the Global X Scientific Beta Japan ETF (NYSE: SCIJ). In the world of ETFs, there are probably too many descriptors of beta, be they smart, strategic or scientific, but there is not ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7807830/a-japan-etf-to-remember alt=A Japan ETF To Remember>Full story available on Benzinga.com
More...