Recent yen weakness has the WisdomTree Japan Hedged Small Cap Fund (NasdaqGS: DXJS) up 1.7% in the past month and knocking on the door of new all-time highs. DXJS has added over $3 million in new assets in the third quarter.
Speaking of new highs, DXJ hit a new 52-week high Thursday and entered Friday just over $1 from its May 2013 highs. DBJP is just 3.6% below its 52-week high.
Ongoing yen weakness could spark new inflows to Japan hedged ETFs. DXJ has suffered significant outflows this year, something those short shares of WisdomTree (NasdaqGS: WETF) have not been shy about pointing, but new inflows to the ETF spurred by yen weakness combined with inflows to the WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ), something WisdomTree bears have been loathe to acknowledge, could lift the stock. [Global Markets Could Lift WisdomTree]
WisdomTree Japan Hedged Equity Fund
