Japan ETFs
Comment: Last year’s heroes have turned into goats in 2014 as risk-off sentiment has chased global investors into the safe-haven yen. Although the yen has risen this year, the declines among Japan ETFs are not limited to currency hedged fair such as the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) and the db X-trackers MSCI Japan Hedged Equity Fund (NYSArca: DBJP). The iShares MSCI Japan ETF (NYSEArca: EWJ) and the Maxis Nikkei 225 Index Fund (NYSEArca: NKY), neither of which are hedged yen plays, have traded lower as well.