Japan ETFs Should Benefit from Small Investor Resurgence

The New York Times‘s Deal Book is reporting that the recent lows in Japanese stocks have encouraged small investors to jump back into the market.

In the article Small Investors in Japan Jump In, the Times cites a Daiwa Securities report that estimates individual investors in Japan put $10 billion to work in October, up from $2.1 billion in September. Foreign institutions were net sellers in September, pulling $7 billion out of the market.

The new demand helped Japanese stocks climb 26% from September lows. They remain down 41% for the year.

The largest Japan ETF is the MSCI Japan Index Fund (EWJ). Top holdings include Toyota, Mitsubishi UFJ Financial, Honda, Nintendo and Takeda Pharmaceutical.

Other ETFs that focus on Japanese stocks include the S&P TOPIX 150 Index Fund (ITF) , FTSE RAFI Japan Portfolio (PJO), MSCI Kokusai Index Fund (TOK), and the SPDR Russell-Nomura PRIME Japan ETF (JPP).

WisdomTree also has a line of Japan ETFs that are dividend weighted including the WisdomTree Japan SmallCap Dividend Fund (DFJ), WisdomTree Japan High-Yielding Equity Fund (DNL) and WisdomTree Japan Total Dividend Fund (DXJ).

See the ETF Directory at ETF MarketPro for a complete listing of Country ETFs.

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