Streetbeat News

EWJ

iShares MSCI Japan ETF

http://www.ishares.com

Industry

Asset Management

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index is designed to measure the performance of the large- and mid-capitalization segments of the Japanese equity market.

Open

69.40

Mkt cap

16B

Volume

5M

High

69.50

P/E Ratio

14.06

52-wk high

73.24

Low

69.17

Div yield

0.02

52-wk low

59.83

Japan's exports in February increased by 7.8% year-over-year, surpassing the estimated 5.3% and showing a decrease from the previous 11.9%. This indicates a stronger than expected performance of the Japanese economy, potentially influencing related ETFs.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:56 am

Japan's adjusted trade balance reported at -0.45T, significantly better than the estimated -0.83T and a revision from the prior 0.01T. This indicates a narrower trade deficit than expected.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:55 am

Chip stocks experienced a pullback while the dollar strengthened in anticipation of the Federal Reserve's decision. Additionally, Japan's central bank raised interest rates, impacting global markets.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:49 pm

The Bank of Japan's decision to introduce positive interest rates is expected to significantly boost profits for Japanese banks like Mitsubishi UFJ Financial Group Inc. (MUFG). With a combined reserve of $712 billion at the BoJ, these banks could see a substantial increase in interest earnings. Goldman Sachs has issued Buy ratings for MUFG and other Japanese banks, predicting a 30% surge in net interest margins. US investors can gain exposure to these stocks through ETFs like EWJ, EWJV, FLJP, and SWJ. Warren Buffett's earlier investments in Japanese equities have also paid off, with returns ranging from 117% to 276% since July 2019.

Portfolio Pulse from Piero Cingari

March 19, 2024 | 3:10 pm

Japan's Industrial Production for January decreased by 6.7%, which is less than the estimated 7.5% decrease. This follows a prior increase of 1.4%.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:48 am

Japan's central bank has decided to keep its interest rate unchanged at 0.00%, aligning with market expectations and remaining steady from the previous rate of -0.10%.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:47 am

G7 nations have announced their intention to respond swiftly, including with 'new and significant' measures, against Iran if it proceeds with sending ballistic missiles to Russia. This statement underscores the geopolitical tensions and the potential for escalated sanctions or actions against Iran by these nations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 2:40 pm

Goldman Sachs highlights 'Seven Samurai' stocks as leading Japanese equities, showcasing their performance and potential compared to the U.S.'s 'Magnificent Seven'. These stocks, including Tokyo Electron, Mitsubishi Corporation, Toyota, Nintendo, Fast Retailing, Sony, and Mitsubishi UFJ Financial Group, offer diversified investment opportunities with lower valuations and higher yields. Warren Buffett has invested in one of these, Mitsubishi Corp, through Berkshire Hathaway. Additionally, ETFs like iShares MSCI Japan ETF, iShares Currency Hedged MSCI Japan, and iShares MSCI Japan Value ETF provide exposure to these equities.

Portfolio Pulse from Stjepan Kalinic

March 14, 2024 | 5:28 pm

A recent earthquake in Japan, reported by Reuters and citing NHK, had a preliminary magnitude of 5.8. The event may have implications for investments in Japan, particularly for the iShares MSCI Japan ETF (EWJ), which tracks the investment results of an index composed of Japanese equities.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:20 pm

Japan's Space One Kairos rocket exploded shortly after its launch, marking a significant setback for the country's space exploration efforts. The incident could have implications for companies and ETFs involved in the space industry or with exposure to Japanese markets.

Portfolio Pulse from Charles Gross

March 13, 2024 | 9:50 am

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