Since the start of the year, EWJ has managed to perform positively, gaining approximately 10%. The fund's performance, however, has been trumped by the WisdomTree Japan Hedged Equity ETF (DXJ), which has gained nearly 17% during this period.Rebranded from the WisdomTree Japan Dividend Index ETF during the opening half of 2010, DXJ mimics EWJ's focus on large and recognizable names comprising Japan's markets. However, the fund expands its approach further, by hedging against yen fluctuations. Since its unveiling, DXJ's currency strategy caused it to lag against EWJ. As the yen has tumbled, however, the bet has begun to pay off.
Yen Strategy Pays Off for Now: DXJ vs. EWJ
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