Japan ETFs Pop As Election Nears; Yen Falls

By
Devon Layne
November 16, 2012
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Japanese ETFs are attracting traders as they bet that Shinzo Abe, head of Japan’s Liberal Democratic Party, could become the country’s next prime minister if an election is called before the end of the year, according to an article on Benzinga.

Abe’s well-known bias toward suppressing the yen to help reflate the Japanese economy pushed the yen lower, which in turn sent the ProShares UltraShort Yen (NYSEArca: YCS) 2.2 percent higher on Thursday, as it soared past its daily average trading volume, the article said.

Investors should keep an eye on the following Japan-based ETFs:

  • iShares MSCI Japan Index Fund (NYSEArca: EWJ)
  • SPDR Nomura Small Cap Japan ETF (NYSEArca: JSC)
  • WisdomTree Japan Hedge Equity Fund (NYSEArca: DXJ)

 

To read the full story, head over to Benzinga.com.

 

ETF DAILY DATA

The oil funds 'XOP' and 'OIH' gathered money on Thursday, April 16, helping lift total U.S.-listed ETF assets to a record $2.158 trillion.

'SPY,' 'LNK' and 'XOP' paced SSgA's issuer-leader inflows on Thursday, April 16, as total U.S.-listed ETF assets reached a record $2.158 trillion.

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