EWJ, the iShares ETF, on Thursday suffered its biggest drop since 2011 after the earthquake and tsunami, Bloomberg News reports.
“Everybody’s concerned about the market being overvalued and Japan in particular has had massive positive returns,” said Greg Peterson, director of investment research at Ballentine Partners, in the article. “People are ready to pull the trigger at any sign that any thing’s going wrong.”
“Investors should not just chase top performers this year and this is a good example,” said Todd Rosenbluth, director of ETF Research at S&P Capital IQ.
iShares MSCI Japan
