Finally, another alternative in the space is ITF (iShares S&P/TOPIX 150) which concentrates on large cap equity names that are representative of the Tokyo stock market. Top holdings in this fund include once again financial names like Mitsubishi UFJ, Sumitomo, and Mizuho, among other wellknown Japanese companies in different industries. A
fter soaring for the first few months of the year, Japanese equities lost their luster beginning in May, with EWJ for example taking a nosedive from the $10s down to as low as $8.56. The fund has recovered somewhat, but Japanese equity returns continue to lag those of the U.S. Year to date, with the S&P 500 Index returning 12.17%, NKY is up 3.91%, DXJ +2.23%, ITF +1.78%, and EWJ has risen only 0.99%.
iShares MSCI Japan
For more information on Street One ETF research and ETF trade execution/liquidity services, contact [email protected].