WisdomTree Japan Hedged Equity Fund (ARCA: DXJ)

Dernières nouvelles pour WisdomTree Japan Hedged Equity Fund (ARCA:DXJ)

WisdomTree Japan Hedged Equity Fund

Industrials

Consumer Cyclical

Financial Services

Technology

Basic Materials

Consumer Defensive

Healthcare

Communication Services

Energy

Utilities

The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances, at least 95 percent of the Funds total assets (exclusive of collateral held from securities lending) will be invested in constituent securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such constituent securities.

State Street Navigator Securities Lending Government Money Market Portfolio

Toyota Motor Corp

Mitsubishi Ufj Financial Group Inc

Sumitomo Mitsui Financial Group

WisdomTree Japan Hedged SmallCap Equity Fund

Macro Economic Events

News

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Tokyo Core Consumer Price Index (YoY) For June 3.1% Vs. 3.3% Est.; 3.6% Prior

Bank of Japan Core Consumer Price Index (YoY) 2.5% Vs. 2.5% Est.; 2.4% Prior

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For June 51.5 Vs. 51.0 Prior

Wall Street&#8217;s aversion to the dollar has reached its highest in two decades. Bank of America&#8217;s June Global Fund Managers Survey indicates that <a href="https://www.benzinga.com/markets/economic-data/25/06/45974992/everyone-now-hates-the-dollar-is-that-the-ultimate-buy-signal">37% of investors are underweight on the U.S. dollar</a>, the most bearish skew in two years. But this unusual unanimity is flashing something interesting for ETF investors: a contrarian opportunity.
Enter <a href="https://www.benzinga.com/etfs">dollar-bullish ETFs</a>, namely, the Invesco DB US Dollar Index Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USDU#NYSE">USDU</a>), and a family of currency-hedged equity ETFs such as iShares Currency Hedged MSCI EAFE (BATS:<a class="ticker" href="https://www.benzinga.com/stock/HEFA#BATS">HEFA</a>) and WisdomTree Japan Hedged Equity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXJ#NYSE">DXJ</a>).
These are not merely tactical dollar-strength plays; they might also be the wiser alternative to betting on other world currencies in an era of policy pivots, trade shocks, and geopolitical hairpin turns.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45983526/trump-wants-an-end-not-a-ceasefire-for-the-israel-iran-war-what-that-means-for-etfs">Trump Wants &#8216;An End, Not a Ceasefire&#8217; For The Israel-Iran War: What That Means For ETFs</a>
<h2 class="wp-block-heading">Why Betting Against The Dollar Might Backfire</h2>
The U.S. Dollar Index, which UUP follows, has dropped around 12% since Donald Trump&#8216;s inauguration on Jan 20. Investors struggle with growing deficits, bewildering tariff messages, and a Fed that seems cornered. On paper, that seems like a good enough setup for wagering on other currencies.
But that is not really the case.
The issue? The alternatives are not exactly poster children for stability.
The eurozone is stuck with anemic growth, recalcitrant inflation, and political weakness from Brussels to Berlin.
The Japanese yen is anchored to ultra-loose monetary policy and a hawkish Fed–BoJ divergence.
The Chinese yuan continues to be politically managed and vulnerable to a shaky property market.
Emerging market currencies? Illiquid, volatile, and sharply responsive to risk-off shocks.
Short version: Sure, sentiment might be bearish on the dollar, but there&#8217;s no neat &#8220;long&#8221; substitute. And in FX, betting on currencies other than the dollar can rapidly go off the rails when global risk rises.
Read More: <a href="https://www.benzinga.com/markets/economic-data/25/06/45974992/everyone-now-hates-the-dollar-is-that-the-ultimate-buy-signal">Everyone Now Hates The Dollar—Is That The Ultimate Buy Signal?</a>
<h2 class="wp-block-heading">UUP, USDU: Tactical Bets With Past Tailwinds</h2>
Invesco&#8217;s UUP and WisdomTree&#8217;s USDU offer liquid, directional exposure to a dollar recovery.
UUP tracks the dollar against a basket of six developed-market currencies, with the euro weighing heavily in the mix.
USDU is a broader one, with a mix of emerging markets and more diversified FX. It is a more diversified bet, but dollar-positive nonetheless.
Both the funds are off this year, tracking the decline of the dollar, and that&#8217;s precisely what could make them attractive. In 2005, when sentiment had been equally bearish, the dollar rallied 14% over several months. That rebound caught a vast majority of short-dollar positions by surprise, and paid off for ETF investors who entered early.
<h2 class="wp-block-heading">For The Cautious: Hedge Your International Equity Exposure</h2>
If jumping headfirst into long-dollar ETFs seems reckless, investors can still be defensive through currency-hedged international ETFs such as HEFA (Europe, Australasia, Far East equities, currency-hedged), DXJ (Japan equities, JPY-hedged), and WisdomTree Europe Hedged Equity Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEDJ#NYSE">HEDJ</a>) (Eurozone exporters, euro-hedged).
These funds allow investors to hold international diversification without being clobbered if the dollar does rally.
<h2 class="wp-block-heading">Positioning Against The Herd</h2>
When most investors are scrambling to discover the next hard currency, the road of least resistance might be to remain humble in the dollar. For it is during a geopolitical environment characterized by tariff brinksmanship, Middle East turmoil, and election-year uncertainty that stability, no matter how flawed, can become a valuable asset.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45982240/beyond-magnificent-7-can-thematic-etfs-like-ives-lead-the-next-wave-of-ai-investing-cio-cullen-rogers-explains">Beyond Magnificent 7: Can Thematic ETFs Like IVES Lead The Next Wave Of AI Investing? CIO Cullen Rogers Explains</a></li>
</ul>
Photo: Shutterstock

Currency ETFs

ETFs

HEDJ

HEFA

USDU

PowerShares DB US Dollar Index Bullish Fund

UUP Vs. The Herd: Contrarian Dollar ETFs In Focus As Sentiment Hits 20-Year Low

Reported Earlier, Japan Trade Balance For May -637.6B Vs. -893.0B Est.; -115.6B (Revised) Prior

Reported Earlier, Japan Exports (YoY) For May -1.7% Vs. -3.8% Est.; 2.0% Prior

Reported Earlier, Japan Adjusted Trade Balance -0.31T Vs. -0.37T Est.; -0.35T (Revised) Prior

Reported Earlier, Japan Interest Rate Decision Unchanged At 0.50%

Reported Earlier, Japan Industrial Production (MoM) For April -1.1% Vs. -1.2% Est.; 0.2% Prior

Reported Earlier, Japan BSI Large Manufacturing Conditions For Q2 -4.8 Vs. 0.8 Est.; -2.4 Prior

Reported Earlier, Japan Gross Domestic Product Price Index (YoY) For Q1 3.3% Vs. 3.2% Est.; 2.9% Prior

Reported Earlier, Japan Gross Domestic Product Annualized (QoQ) For Q1 -0.2% Vs. -0.7% Est.; 2.2% Prior

Reported Earlier, Japan Gross Domestic Product (QoQ) For Q1 0.0% Vs. -0.2% Est.; 0.6% Prior

Reported Earlier, Japan Current Account n.s.a. For April 2.258T Vs. 2.560T Est.; 3.678T Prior

Reported Earlier, Japan Adjusted Current Account For April 2.31T Vs. 2.59T Est.; 2.72T Prior

Reported Earlier, Japan Household Spending (MoM) For April -1.8% Vs. -0.8% Est.; 0.4% Prior

Reported Earlier, Japan Household Spending (YoY) For April -0.1% Vs. 1.5% Est.; 2.1% Prior

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For May 51.0 Vs. 50.8 Est.; 52.4 Prior

Reported Earlier, Japan 10-Year JGB Auction 1.512% Vs. 1.274% Prior

Reported Earlier, Japan Capital Spending (YoY) For Q1 6.4% Vs. 3.8% Est.; -0.2% Prior

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