The cherry blossoms are ready to bloom in Japan and so are the Japanese exchange traded funds (ETFs). According to Darrel Whitten of Yeald.com the TOPIX sector performance mirrors that of the FTSE Global sectors. Looking at the big picture, Japan has out-performed the S&P since early 2003. iShares MSCI Japan (EWJ) and iShares S&P/Topix 150 (ITF) are two ETFs that focus on Japan only. EWJ and ITF are both up 3% for the year. There is also the recently created CurrencyShares Japanese Yen (FXY) that allows one to invest in the Japanese currency.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.