
NYSEARCA:EWJ
This summary was created by AI, based on 2 opinions in the last 12 months.
According to expert reviews, the iShares Japan ETF (EWJ-N) is gaining attention as investors seek opportunities outside the overcooked North American markets. Japan is highlighted as a key market currently in an uptrend, supported by fiscal stimulation. The technical charts exhibit a pattern of breakouts and consolidations, which experts find appealing as it indicates a steady rise rather than a volatile parabolic climb. This stability has prompted some investors to gradually build positions, especially as the market shows signs of bottoming out during the current consolidation phase. With US markets perceived as riskier, Japan's recent breakout from a prolonged resistance is seen as a constructive development, which could present a favorable buying opportunity.
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.