Bearish on the Yen
Find out why WisdomTree Japan CEO Jesper Koll is bullish on Japan but bearish on the yen.
Watch the video now.
Below you will find links to our latest whitepapers, investment cases and current research.
You can also read economic and market commentary from our thought leaders and connect with us on social media.
Director of Research
Each year, the rebalancing process refreshes the constituent weights of WisdomTree Indexes, moving them back toward a measure of relative value. The Global Dividend Index rebalance has refreshed constituents and reweighted securities across various indexes, to emphasize weights for those companies that have grown their dividends compared to their prices over the prior year.
The India Earnings Index rebalance has refreshed its constituents and reweighted securities to emphasize weights for those companies that have grown their earnings compared to their prices over the prior 12 months. Despite the volatility of emerging market equities, for investors who share our belief in India’s long-term growth prospects, we think this recent rebalance could be an entry point.
There is a reason people always say to buy quality. In furnishings and retail goods, you tend to get what you pay for, and higher-quality goods, though they may cost more up front, last longer and ultimately may provide a better value down the road. These lessons can be applied to investing as well. Focusing on quality characteristics may actually lead to outperformance. And while it may not sound as familiar as focusing on growth or value, it is, in fact, the cornerstone of many investment approaches, including that of Warren Buffett.
Recently, the naysayers on currency hedging have come out in full force, advising investors not to hedge currency risk. Some of these naysayers are with reputable firms. Even so, I believe their negativity toward currency hedging is misleading.
As we have seen recently, with actions from the Bank of Japan and the European Central Bank, the preferred way to stimulate the economy these days has been through aggressive monetary easing policies, and one beneficial impact is a weaker currency. If South Korea follows in their footsteps, we think it will be positive for corporate profitability of exporters and the equity markets, but not for the currency, so we would advocate for a currency-hedged equity vehicle.
Europe has been one of the primary risks for the global economy—with sluggish growth, over-leveraged countries and banks being prime concerns for many investors. We believe that tides are changing due to shifting policy winds among central banks. We believe that the European Central Bank's expanded asset-purchase program will continue to weaken the euro against the dollar and provide support for local equity markets.
Investors should carefully consider the investment objectives, risks, charges and
expenses of the Funds before investing. U.S. investors only: to obtain a prospectus
containing this and other important information, please call 1-866-909-WISE (9473)
or click here
to view or download a prospectus online. Read the prospectus carefully before you
invest. There are risks involved with investing including the possible loss of principal.
Past performance does not guarantee future results.
You cannot invest directly in an index.
There are risks associated with investing, including possible loss of principal. Foreign investing involves currency, political and economic risk. Funds focusing on a single country, sector and/or funds that emphasize investments in smaller companies may experience greater price volatility. Investments in emerging markets, real estate, currency, fixed income and alternative investments include additional risks. Due to the investment strategy of certain Funds, they may make higher capital gain distributions than other ETFs. Please see prospectus for discussion of risks.
Jeremy Schwartz is a registered representative of Foreside Fund Services, LLC.
WisdomTree Funds are distributed by Foreside Fund Services, LLC in the U.S. only.