Toyota Tanks After Massive Recall
Toyota Motor (TM) has taken a nose dive amid a massive recall leading Japan related ETFs lower. Toyota has recalled 2.3 million vehicles in the U.S. to fix a gas pedal problem.
DXJ
WisdomTree to Hedge Japan ETF
WisdomTree announced that the WisdomTree Japan Total Dividend Fund (DXJ) will begin to hedge Japanese yen exposure. DXJ will provide the same broad exposure to the Japanese equity market but will seek to neutralize fluctuations in the yen against the U.S. dollar.
Japan Returns to Growth
After four consecutive quarters of declining GDP, Japan’s recession is over. The world’s second largest economy reported that Q2 GDP grew an annualized 3.7% on the strength of exports and government stimulus spending.
Case Study: Currency Risk
U.S. investors have fully embraced the idea of diversifying their portfolios with international equities. However, investing outside the border of the U.S. exposes portfolios to currency fluctuations.