Japanese Equities: Land of the Relatively Rising Sun [View article]
Don, good article, and no doubt that EWJ has size and liquidity. Ironically, as I published recently (available on SA by searching ticker EWJ or my website at steventowns.com for those interested), its size and liquidity are exactly what did it in, or more precisely, what did in the Japanese equity market. The massive deleveraging last autumn handily took the N225 to a 26-year low. And relative yen strength has basically been the coup de grace for Japanese equities. I am not too excited about investment funds that are in the red but outperforming relatively. And in this case, any significant recovery for EWJ would necessitate a weaker yen, which would impact the fund's returns. I would be more interested in cherry picking some of EWJ holdings for accumulation and dividend reinvesting.
Any Mad Money followers out there? James J. Cramer says his favorite play is Mitsubishi UFJ (ticker: MTU) because, "The situation in Japan is kind of like the U.S. in 1990. Real estate has bottomed out in Japan, which is a bullish sign for the banks, because the economy is getting moving again." He also says another way to play Japan is the iShares MSCI Japan Index (ticker: EWJ). See last Friday's Mad Money Mail Bag.
After Tuesday Morning System Glitch, Tokyo Stock Exchange Finishes Afternoon Up Big (TDK, MTU, KUB, SNE, CAJ, NIPNY, DCM) [View article]
See this link to a Yomiuri Shimbun article providing further coverage of the snafu yesterday morning on the Tokyo Stock Exchange that delayed the start of trading until the afternoon.
Japanese Equities: Land of the Relatively Rising Sun [View article]
Tokyo Stock Exchange Suffers 3rd Worst Day This Year, ADRs to Watch (SANYY, TMIC) & Many Decliners [View article]
Barron's Online on Nomura Holdings' Comeback (NMR, MTU, GS, MER, MWD) [View article]
After Tuesday Morning System Glitch, Tokyo Stock Exchange Finishes Afternoon Up Big (TDK, MTU, KUB, SNE, CAJ, NIPNY, DCM) [View article]