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Wisdom Tree Japan Hedged Real EstateDXJRPAST TOP PICKSep 20, 2016Stock price when the opinion was issued
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.