Xtrackers MSCI Japan Hedged Equity ETF (DBJP) Declines 0.2% for Apr 10

The fund’s top holdings are: Toyota Motor Corp for 3.88% of assets, SoftBank Group Corp for 2.32%, TOPIX Index Future June19 for 1.92%, Keyence …

Apr 10 is a negative day so far for Xtrackers MSCI Japan Hedged Equity ETF (NYSEARCA:DBJP) as the ETF is active during the day after losing 0.2% to hit $40.01 per share. The exchange traded fund has 547.34M net assets and 0.54% volatility this month.

Over the course of the day 26,476 shares traded hands, as compared to an average volume of 397,050 over the last 30 days for Xtrackers MSCI Japan Hedged Equity ETF (NYSEARCA:DBJP).

The ETF is -11.89% of its 52-Week High and 13.26% of its low, and is currently having ATR of 0.36. This year’s performance is 9.64% while this quarter’s performance is -3.52%.

The ETF’s YTD performance is 9.61%, the 1 year is -2.83% and the 3 year is 8.36%.

The ETF’s average P/E ratio is 12.84, the price to book is 1.11, the price to sales is 0.8 and the price to cashflow is 4.96. It was started on 06/09/2011. The fund’s top holdings are: Toyota Motor Corp for 3.88% of assets, SoftBank Group Corp for 2.32%, TOPIX Index Future June19 for 1.92%, Keyence Corp for 1.76%, Takeda Pharmaceutical Co Ltd for 1.76%, Mitsubishi UFJ Financial Group Inc for 1.70%, Sony Corp for 1.54%, Sumitomo Mitsui Financial Group Inc for 1.36%, Honda Motor Co Ltd for 1.28%, Nikkei 225 (Ose) Jun19 for 1.26%. The ETF sector weights are: Basic Materials 6.68%, CONSUMER_CYCLICAL 16.51%, Financial Services 10.90%, Realestate 4.63%, Consumer Defensive 8.78%, Healthcare 8.23%, Utilities 2.06%, Communication Services 6.16%, Energy 1.76%, Industrials 19.17%, Technology 15.11%. The ETF currently as 3.64% yield.

More notable recent Xtrackers MSCI Japan Hedged Equity ETF (NYSEARCA:DBJP) news were published by: Seekingalpha.com which released: “World’s biggest pension fund posts largest gain in three years: Bloomberg – Seeking Alpha” on July 06, 2018, also Seekingalpha.com with their article: “Does Currency Hedging Reduce Volatility? – Seeking Alpha” published on September 13, 2018, Etftrends.com published: “As Yen Weakens, Currency Hedged Japan ETFs Pop – ETF Trends” on June 07, 2018. More interesting news about Xtrackers MSCI Japan Hedged Equity ETF (NYSEARCA:DBJP) were released by: Seekingalpha.com and their article: “Which Hedged Japanese Equity ETF Is Right For You? – Seeking Alpha” published on November 03, 2016 as well as Seekingalpha.com‘s news article titled: “Japanese yield curve threatens to do something it hasn’t done in more than 25 years – Seeking Alpha” with publication date: July 24, 2017.

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Junk Bond ETF Fee Battle Intensifies

BlackRock Inc., the world’s largest issuer of exchange-traded funds, has slashed the cost of its iShares Broad USD High Yield Corporate Bond ETF by …

This year, fees have been falling across the exchange traded funds (ETFs) landscape. Junk bond ETFs are getting in on the act.

BlackRock, the largest ETF sponsor recently (and quietly) announced a lower fee for the iShares Broad USD High Yield Corporate Bond ETF (CboeBZX: USHY). USHY targets the CE BofAML US High Yield Constrained Index.

“BlackRock Inc., the world’s largest issuer of exchange-traded funds, has slashed the cost of its iShares Broad USD High Yield Corporate Bond ETF by waiving part of the management fee, regulatory documents show. But rather than shout about the move, the discount was announced without fanfare — in a footnote on page 94 of a revised filing last month,” reports Bloomberg.

USHY’s web page indicates the fund’s expense ratio is 0.22%, but that fee is expected to decline to 0.15%. Last month, State Street, the third-largest ETF sponsor, announced changes for the fund now known as the SPDR ICE BofAML Broad High Yield Bond ETF (NYSEARCA: CJNK), including making that fund’s annual fee 0.15%.

CJNK will be a lower cost alternative to the SPDR Barclays High Yield Bond ETF (NYSEArca: JNK), the second-largest junk bond ETF. JNK, which is highly popular with institutional investors, will retain its annual fee of 0.40%.

BlackRock also offers the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG), the largest junk bond ETF. That fund has an expense ratio of 0.49%.

Another filing indicates the Xtrackers USD High Yield Corp Bond ETF (NYSEArca: HYLB) is also entering the junk bond ETF fee war. The $2.71 billion HYLB will also charge 0.15%.

“DWS’s Xtrackers USD High Yield Corporate Bond ETF, aka HYLB, also costs $1.50 after a fee waiver, a March 29 document shows,” according to Bloomberg.

For more information on the fixed-income space, visit our bond ETFs category.

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Ultimus Hosts Panel Covering The Evolving ETF Landscape

Cboe Global Markets, and Kyle Murray, Assistant General Counsel, Cboe … for smaller ETF issuers (e.g., seed capital vs. leveraging market makers) …

HAUPPAUGE, N.Y., April 10, 2019 /PRNewswire/ — Ultimus Fund Solutions® (Ultimus®), today shares insights from a panel of regulatory and fund product experts (via a video) from a recent industry event they hosted. The panel, “The Evolving ETF Landscape,” was moderated by Paul McMillan, Managing Editor, Fund Intelligence and featured Brian Privor, Chief Regulatory Officer, Northern Lights Compliance Services, LLC, Robert J. Marrocco, Director, Listings, Cboe Global Markets, and Kyle Murray, Assistant General Counsel, Cboe Global Markets.

Mr. Marrocco commented during the conversation, “As ETF products continue to gain assets, speed to market is now more critical than ever for issuers that want to position their funds for growth. We believe choosing the right partners who can help reduce the hurdles associated with launching a new fund will be instrumental.”

Mr. Murray added, “As the listing destination for ETFs, Cboe is pleased to work with many of the industry’s premier fund providers to help bring their investment strategies to the market, and broaden access to markets for investors of every sort. The proposed ETF Rule should create a more transparent and efficient regulatory framework for ETFs, and should be a positive development for the industry.”

During the event, the panel covered:

  • The regulatory shifts that will open up the ETF marketplace
  • Best practices for smaller ETF issuers (e.g., seed capital vs. leveraging market makers)
  • How new funds can differentiate their offering and maintain their uniqueness in a crowded marketplace
  • Perspectives on what is next after the proposed SEC rulings come out

Mr. Privor added, “The ETF Rule, once approved, could prove to be a double-edged sword. It should level the playing field and facilitate speed to market, but it equally opens the door to other entrepreneurial competitors. At the end of the day, advisers need to have strong distribution plan in mind and not blindly jump head first into the ETF waters; some advisers may find they are simply better off in a traditional mutual fund wrapper.”

VIEW the video of the panel conversation, as well as videos of panel discussions on other relevant industry topics held during the same event, such as “What Will Allocators Focus on in 2019” and “How Funds are Leveraging Data-Driven Insights for Growth.”

About Ultimus

Ultimus Fund Solutions provides a highly customized and comprehensive suite of fund administration services for investment advisers. Our high-quality services include integrated solutions that support the launching and servicing of mutual funds, hedge funds, ETFs, private equity funds, real estate funds, venture capital funds, variable annuity trusts, state-sponsored 529 plans plus the unique needs of pensions, endowments, and foundations.

Our offering comes with a deep commitment to excellence, achieved through investments in both talent and technology, with constant focus on maintaining our consultative approach and boutique service culture. Ultimus stands out as an award-winning, trusted business partner by helping investment advisers and fund families navigate and flourish in today’s increasingly sophisticated and dynamic industry landscape. Ultimus’ comprehensive service solutions are provided by seasoned teams of professionals with a wealth of financial services experience. For more information, visit www.ultimusfundsolutions.com.

CONTACT: Jami Schlicher | P: 973) 850-7309 | E: jschlicher@jconnelly.com

8012 GC 4/8/2019

SOURCE Ultimus Fund Solutions

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IQ 50 Percent Hedged FTSE Japan ETF (HFXJ) Rises 2.04% for Apr 5

The fund’s top holdings are: Toyota Motor Corp for 4.19% of assets, SoftBank Group Corp for 2.17%, Mitsubishi UFJ Financial Group Inc for 1.80%, …

Apr 5 is a positive day so far for IQ 50 Percent Hedged FTSE Japan ETF (NYSEARCA:HFXJ) as the ETF is active during the day after gaining 2.04% to hit $20.63 per share. The exchange traded fund has 6.11M net assets and 0.24% volatility this month.

Over the course of the day 380 shares traded hands, as compared to an average volume of 23,940 over the last 30 days for IQ 50 Percent Hedged FTSE Japan ETF (NYSEARCA:HFXJ).

The ETF is -10.77% of its 52-Week High and 11.57% of its low, and is currently having ATR of 0.14. This year’s performance is 8.72% while this quarter’s performance is -0.45%.

The ETF’s YTD performance is 8.83%, the 1 year is -5.63% and the 3 year is 7.73%.

The ETF’s average P/E ratio is 12.69, the price to book is 1.11, the price to sales is 0.78 and the price to cashflow is 5.01. It was started on 7/22/2015. The fund’s top holdings are: Toyota Motor Corp for 4.19% of assets, SoftBank Group Corp for 2.17%, Mitsubishi UFJ Financial Group Inc for 1.80%, Takeda Pharmaceutical Co Ltd for 1.68%, Sony Corp for 1.67%, Keyence Corp for 1.45%, Honda Motor Co Ltd for 1.36%, Sumitomo Mitsui Financial Group Inc for 1.29%, KDDI Corp for 1.18%, Central Japan Railway Co for 1.11%. The ETF sector weights are: Basic Materials 7.27%, CONSUMER_CYCLICAL 16.99%, Financial Services 11.34%, Realestate 3.14%, Consumer Defensive 9.20%, Healthcare 8.49%, Utilities 2.22%, Communication Services 5.70%, Energy 1.66%, Industrials 19.78%, Technology 14.20%. The ETF currently as 1.77% yield.

More notable recent IQ 50 Percent Hedged FTSE Japan ETF (NYSEARCA:HFXJ) news were published by: Seekingalpha.com which released: “What Is The Outlook For Japanese Equities? – Seeking Alpha” on December 20, 2018, also Seekingalpha.com with their article: “What’s In Store For Japan ETFs In 2019 – Seeking Alpha” published on December 29, 2018, Seekingalpha.com published: “Japan As A Safe Haven – Seeking Alpha” on June 06, 2018. More interesting news about IQ 50 Percent Hedged FTSE Japan ETF (NYSEARCA:HFXJ) were released by: Seekingalpha.com and their article: “World’s biggest pension fund posts largest gain in three years: Bloomberg – Seeking Alpha” published on July 06, 2018 as well as Seekingalpha.com‘s news article titled: “Full speed ahead for RCEP trade pact – Seeking Alpha” with publication date: July 01, 2018.

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