Today were published iShares MSCI Japan ETF (NYSEARCA:EWJ)‘s daily net flows. The ETF registered $394.98M asset inflows for 2.75% increase, reaching $14733.35M after yestarday’s trading session. The chart of iShares MSCI Japan ETF shows positive short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF increased 0.81% or $0.4 on November 21, hitting $49.79. It is down 2.70% since April 20, 2016 and is uptrending. It has underperformed by 1.85% the S&P500.
The ETF’s YTD performance is 5.03%, the 1 year is 4.08% and the 3 year is 3.37%.
The ETF’s average P/E ratio is 14.51, the price to book is 1.11, the price to sales is 0.7 and the price to cashflow is 3.52. iShares MSCI Japan ETF is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: TOYOTA MOTOR CORP NPV for 5.12% of assets, MITSUBISHI UFJ FIN NPV for 2.20%, SOFTBANK GROUP CO NPV for 1.99%, KDDI CORP NPV for 1.85%, HONDA MOTOR CO NPV for 1.62%, SUMITOMO MITSUI FG NPV for 1.56%, JAPAN TOBACCO INC NPV for 1.41%, MIZUHO FINL GP NPV for 1.33%, SONY CORP NPV for 1.31%, FANUC CORP NPV for 1.24%. The ETF sector weights are: Basic Materials 6.87%, Consumer Cyclical 19.20%, Financial Services 12.59%, Realestate 5.07%, Consumer Defensive 8.02%, Healthcare 7.17%, Utilities 2.09%, Communication Services 6.19%, Energy 1.61%, Industrials 18.15%, Technology 13.03%. The ETF currently as 0% yield.
More notable recent iShares MSCI Japan ETF (NYSEARCA:EWJ) news were published by: Nasdaq.com which released: “iShares MSCI Japan ETF Experiences Big Outflow” on September 26, 2016, also Etfdailynews.com with their article: “Bank of Japan Reacts Strongly to Surging Bond Yields” published on November 17, 2016, Etfdailynews.com published: “Japanese 10-Year Yields Surge Into Positive Territory” on November 16, 2016. More interesting news about iShares MSCI Japan ETF (NYSEARCA:EWJ) were released by: Benzinga.com and their article: “Japan Stock Markets Open Higher; Nikkei Up 75 Points” published on November 21, 2016 as well as Etfdailynews.com‘s news article titled: “Bank Of Japan Kicks the Can With No Policy Change” with publication date: November 01, 2016.
EWJ Company Profile
iShares MSCI Japan Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Japanese market, as measured by the MSCI Japan Index (the Index). The Index seeks to measure the performance of the Japanese equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.
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