Nomura is among the banks forecasting a 2014 rally in Japanese equities. The bank “the Nikkei to hit 16,000 by the end of March, slip to 15,000 by the end of June and then climb to 18,000 by the end of December. It expects the Topix index at 1500 by the end of 2014,” according to CNBC. [Japan ETFs: An Epic Move Could be Afoot]
Japan ETFs have recently shown some signs of perking up. DBJP is higher by nearly 3% in the past month. The new WisdomTree Japan Hedged SmallCap Equity Fund (NYSEArca: DXJS), DXJ’s small-cap cousin, is up almost 2% over the same time.
Last week, it was reported that WisdomTree could introduce five sector equivalents of DXJ, which features a short USD/JPY component.
WisdomTree Japan Hedged Equity Fund
Tom Lydon’s clients own shares of DXJ.