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HJPX (iShares Currency Hedged JPX-Nikkei 400 ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
Japan ETFs, overall, performed better than the S&P 500 past quarter.
The preliminary PMI survey results for July signal a significant loss of growth momentum in the Japanese economy at the start of the third quarter. Business activity growth slowed to a near standstill in July, as the economy's rebound from Omicron-related containment measures lost momentum.
The pace of economic growth accelerated in Japan at the end of the second quarter according to the latest business surveys. Lockdowns in mainland China were commonly cited as a key cause of the ongoing bottlenecks.
The issuer typically closes a handful of funds during the month every year.
Japan And Australia Enter Third Economic Downturns As Omicron Wave Hits
Upcoming rate hikes could drive an increase in hedging costs for Japanese investors, redirecting flows into unconventional assets and regions. Hedged yield pickup is naturally governed by the relationship of the spot and forward FX rates, which in turn are driven primarily by short-term interest rates.
After underperforming earlier in the year, Japanese equities started rising in late August and should maintain strong momentum in the coming months. The Japanese economy's growth in the recovery quarter, Q2, was solid; and the full-year growth rate for 2021 is projected at 2.4%.
The Japan Topix Index climbed to the highest level since April 1991 and has been outperforming its Asian peers in recent weeks.