Dallas, Texas 10/23/2013 (Financialstrend) – iShares MSCI Japan Index (ETF) (NYSEARCA:EWJ) is a exchange traded fund which tracks its results against the MSCI Japan Index. The Index is the bench mark browser which attempts to track and measure the equity market performance in Japan. The Index lists company based on their market capitalization with a goal to account for close to 85% of the total capitalization of traded companies. Barclays Global Fund Advisers are the advisers for this exchange traded fund.
In the last 12 months it has paid out dividend of close to $0.15 per share translating to a dividend yield of 1.24%. The net asset value of the fund is increasing at a faster rate over the previous week. It has posted a 2.4% increase in its market value.
These less than expected rates of returns are in line with the trade numbers which are coming out of Japan for September. In the previous month, the country’s exports have come in at 11.5% 4% lower than market expectations and goals set by the Japan trade association. It imports also lagged behind the expectations with only a 16.5% increase compared to a 20% analyst expectations. This has made analyst to believe that the attraction the weak yen had for exporters is waning off. The export dip would not surprise the regional trade gurus since big markets like China and India have cut down their imports significantly last couple of months. Japan’s export to Asia went up by 8.2% in September while in comparison its August export had seen a 13.5% increase. This seems to underline the significant slowdown in demand with in China.
At close of business on October 22, the stock had seen an appreciation of 0.45% from its previous day close to end the day at $12.15 per share and is trading just 1.89% below its 52 week high valuation.