Nikkei Index Revisits Glory Days, Surges To 33-Year Highs: 5 US-Listed Japanese Stocks To Watch
Portfolio Pulse from Piero Cingari
The Nikkei 225 index has surged to a 33-year high, driven by factors such as a weak Japanese yen, low valuations, and Warren Buffett's endorsement. US investors can gain exposure to Japanese equities through ETFs like EWJ, DXJ, and BBJP, or ADRs of companies like HMC, SONY, IX, TM, and MUFG.
June 06, 2023 | 9:22 pm
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POSITIVE IMPACT
JPMorgan BetaBuilders Japan ETF (BBJP) tracks the Morningstar Japan Target Market Exposure Index, offering comprehensive market coverage of Japanese equities.
The Nikkei 225's surge to a 33-year high increases the attractiveness of Japanese equities. As BBJP tracks the Morningstar Japan Target Market Exposure Index, it is likely to benefit from the increased interest in Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
WisdomTree Japan Hedged Equity Fund (DXJ) provides exposure to Japanese equities while hedging against yen and dollar fluctuations, focusing on dividend-paying companies.
The Nikkei 225's surge to a 33-year high increases the attractiveness of Japanese equities. As DXJ provides exposure to Japanese equities while hedging against currency fluctuations, it is likely to benefit from the increased interest in Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares MSCI Japan ETF (EWJ) tracks the MSCI Japan Index, representing large and mid-cap segments of the Japanese equity market.
The Nikkei 225's surge to a 33-year high increases the attractiveness of Japanese equities. As EWJ tracks the MSCI Japan Index, it is likely to benefit from the increased interest in Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Honda Motor Co Ltd (HMC) is up 33% year to date, with a 12-month trailing P/E ratio of 9.9x.
The Nikkei 225's surge to a 33-year high increases the attractiveness of Japanese equities. As HMC is up 33% year to date, it is likely to benefit from the increased interest in Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Orix Corporation (IX) is up 10% year to date, with a 12-month trailing P/E ratio of 10.3x.
The Nikkei 225's surge to a 33-year high increases the attractiveness of Japanese equities. As IX is up 10% year to date, it is likely to benefit from the increased interest in Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mitsubishi UFJ Financial Group (MUFG) is up 3.3% year to date, with a 12-month trailing P/E ratio of 10.2x.
The Nikkei 225's surge to a 33-year high increases the attractiveness of Japanese equities. As MUFG is up 3.3% year to date, it is likely to benefit from the increased interest in Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sony Group Corp. (SONY) is up 30% year to date, with a 12-month trailing P/E ratio of 17.8x.
The Nikkei 225's surge to a 33-year high increases the attractiveness of Japanese equities. As SONY is up 30% year to date, it is likely to benefit from the increased interest in Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Toyota Motor Corp. (TM) is up 9% year to date, with a 12-month trailing P/E ratio of 10.98x.
The Nikkei 225's surge to a 33-year high increases the attractiveness of Japanese equities. As TM is up 9% year to date, it is likely to benefit from the increased interest in Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80