Wisdom Tree Japan Hedged Real Estate (DXJR)

Has exposure to Japanese REITs. Sold his. The yen is undervalued to the USD, so that's why he sold. Japan has been a demoralizing investment with aging demographics and limited immigration. But few investors know Japan's macro--corporate Japan has been in 30 years of deflation. Japanese REITs are very cheap, so foreign investors have finally woken up to this. He'd be all over a Japanese REIT unhedged.

(A Top Pick July 22/16. Down 5.52%.) This was a little eclectic, but it has only been 2 months. Look how cheap real estate is in Tokyo versus New York or Toronto. This has a good yield and is undervalued.

The property market has been going down for about 25 years. It turned up in 2012, and is now growing quite robustly. This ETF tracks REITs, homebuilders, and is a play on a recovery in Japanese real estate. This also has a good yield.