Hello! This is markets reporter Isabel Wang bringing you this week’s ETF Wrap. In this week’s edition, we take a look at Japan ETFs, which saw significant inflows in the past month after the legendary billionaire investor Warren Buffett said that Berkshire Hathaway owns more stocks in Japan than in any other country outside of the U.S.
U.S.-listed Japan exchange-traded funds saw big fund inflows since last Friday when a rally in the Japanese stock market pushed the Nikkei 225 Stock Average NIK to its highest level in nearly 33 years. In 2010, China leapfrogged Japan to become the world’s second-largest economy, a title Japan had held for more than 40 years.
Japan ETFs are showing a “slightly more positive” picture, but they are still far from, “Let’s jump on this train and ride it to the land of untrammeled positive returns,” said Brandt. See: Japanese stocks are at a 33-year high. Buffett is buying in. But the rally may be just a function of a weak yen, one analyst says.
Source: News Formal (newsformal.com)
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