Japan ETFs Pop As Election Nears; Yen Falls

By
Devon Layne
November 16, 2012
Share:

 

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

International equity funds like 'HEDJ' and 'EFAV' added assets on Thursday, Jan. 29, as total U.S.-listed ETF assets rose above $2 trillion.

'SPY,' 'XLF,' 'XLI' and 'BIL' paced SSgA's issuer-leading outflows on Thursday Jan. 29, as total U.S.-listed ETF assets rose above $2 trillion.

ETF.COM ANALYST BLOGS

By Dave Nadig

The world’s biggest ETF conference made a number of important things amply clear.

By Dave Nadig

Sometimes it’s what’s under the hood that matters. Sometimes it’s not.

By Dave Nadig

President Obama may be undermining the benefits of tax-loss harvesting.

By Scott Burley

Wouldn’t it be nice to know if your favorite ETF were part of a securities-lending program?