iShares Japan C$ Hedge ETF (CJP-T)

The only problem with this is that it is no longer trading on the TSX, it was delisted. It is now trading on Equifast Neal (?). He would probably be more inclined to go with the iShares Japan (EWJ-N).

There is a little problem with this fund. It was ex-Claymore, and a number of the Claymore ETF’s that where acquired by iShares, have been delisted by TSX and are now on the NLB Exchange. What that is going to do for liquidity, he is not sure. He has no problem in investing in Japan.

Japan is very interesting to him right now. People don’t understand what is going on in corporate Japan. After decades, Japanese companies are very adaptable. More of their production occurs in countries they sell in. 60% of Japanese corporations’ production occurs off shore. This time he thinks the macro dynamics line up for Japanese investment. EWJ-N is another way to play Japan and it is good as well.

(Top Pick Oct 5/16, Up 5.87%) The trade is not over yet. It is still positive from a technical perspective. He likes the Japanese market in general. As long as the Yen stays weak he will stay there.

It is currency hedged. The downtrend looks to be ending. It has higher highs and higher lows in the breakout. It looks very technically attractive.

It would be his favourite Japan ETF because as it is hedged, but he would not buy Japan right now. The currency is all over the place. He is not keen on Japan’s prospects. He prefers the US.

Japan has gone through 25 years that has been lost. They literally lost a quarter century. The Nikkei hit its peak at the end of 1989. Given how their society is aging, and that they can’t do any more in terms of urbanotics(?) and stimulus, we are at the point where you just have to tough it out. He is opposed to anything doing with Japan.

Has just started buying Japan because of the strength in the yen, and thinks the next side of this is Japan weakening in the yen, in which stocks will outperform.

There is $13 support from 2013. It could be okay, but you have to keep an eye on it. The Yen is hedged.

Chart shows lows from 2009 to 2012. The rebound bull in 2009-2010 didn’t work out. It is now starting to break out. There is a falling wedge from 2010 into 2012, which is very bullish. Thinks this goes higher.

Started to buy an ETF for Europe, but decided to go for one that represents EAFE which has about 20% Japan. Thinks it is a good time to get into Japan and sees no problem with this one.

Japan. You get a basket of exporters. Japan’s exports should do well as they push their currency down and the US$ stays strong.

Japan peaked out a long time ago. He thinks it is not going to break out and go back to the old top and go above that. They have had the advantage of reengineering their currency downwards, which has been a great benefit to their exporters. He is attracted to countries that can move their currencies, such as the UK, Canada and Japan.

(A Top Pick May 23/13. Down 4.94%.) He still holds this for a few clients.