A New Chapter for Japan Equities

WisdomTree’s Japan Suite of ETFs

Japan's equity market is entering a new phase. Corporate governance reforms, rising share buybacks and increasing pressure to improve capital efficiency are encouraging companies to focus more on shareholder value after decades defined by deflation and excess cash balances.

At the same time, investment in AI infrastructure, defense spending, and industrial modernization is creating new growth opportunities across the economy. The WisdomTree Japan Hedged Equity Fund (DXJ), WisdomTree Japan Opportunities Fund (OPPJ), and WisdomTree Asia Defense Fund (WDAF) are designed to provide targeted exposure to companies positioned to benefit from Japan's evolving corporate and industrial landscape.

Why DXJ

• Gain broad equity exposure to Japanese dividend paying companies with an exporter tilt
• Currency Hedge mitigates exposure to fluctuations of the Japanese yen
• Use to maintain Japanese equity exposure while neutralizing currency fluctuations of the Japanese yen relative to the U.S. dollar

Why OPPJ

• Gain targeted exposure to stocks WisdomTree believes represent the best opportunities in Japan
• Use to diversify exposure to the U.S. and other international markets
• Use to optimize portfolios for shifting geopolitical risks and regional allocation trends

Why WDAF

• Captures the Indo-Pacific’s structural military modernization—an area of rising strategic tension and sustained defense investment—via a pure-play Asia defense ETF and provides targeted exposure to leading defense innovators in Japan, South Korea, India, Taiwan, and beyond, with low overlap versus U.S. and European benchmarks
• Complements global and U.S. defense allocations by diversifying geopolitical exposure and tapping Asia’s indigenous innovation in hypersonics, space, cyber, and unmanned systems
• Positions portfolios to benefit from policy-driven defense spending growth across some of the fastest-expanding procurement budgets in the world