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NYSEARCA:EWJ
This summary was created by AI, based on 1 opinions in the last 12 months.
The iShares Japan ETF (EWJ-N) has garnered positive attention from experts who observe a shift in investment strategy as North American markets become overly saturated. Japan is recognized as a key market showing promising trends, bolstered by fiscal stimuli supporting its economy. Chart patterns indicate consistent breakouts followed by periods of stabilization, rather than explosive growth, which many find appealing. This behavior demonstrates a healthier investment trajectory, suggesting potential for sustainable growth. An expert notes they have been gradually increasing their position in this ETF throughout the year, indicating confidence in its performance moving forward.
vs. EWY (Korea) Japan is where many have made big mistakes, getting too bullish, too early. He struggles with its demographics and GDP, but tailwinds include nobody believes in it anymore. Better to look at SCJ-N (small caps) which trades below book value. Catalysts in Japan include a major fiscal stimulus. He prefers EWY (South Korea)--see top picks, which has been caught in the US-China trade war.
What ETF would you suggest for investing in Japan? Likes the iShares MSCI Japan (EWJ-N) although there are lots of other ETFs out there. This one has the major indices covered. Financials are about 20%, industrial/technology at around 15%. Most of his ETFs have veered towards the US, but also more towards Europe and the UK.
(A Top Pick Dec 31/12. Up 24.26%.) Thinks this will go higher. All support is at around $9.20. Japanese decided to stimulate by lowering the currency, which stimulates the export economy. It has broken out above a little resistance at $11.10. In a short-term chart, he sees an ascending triangle that is trying to break out again.