Currency-Hedged ETF Focused on Japan Set For Best Month of Flows Since 2017
- WisdomTree’s DXJ ETF sees roughly $242 million inflow in May
- Fund captures Japan’s stock gains, hedges US dollar strength
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Traders are piling back into a Japan-focused stock ETF that strips out foreign-exchange volatility, seeking to seize on the country’s equity-market rally without the risk of the yen weakening further against the US dollar.
After seeing cash pulled out for most of the year, the WisdomTree Japan Hedged Equity Fund (ticker DXJ) is on track for its best month of inflows since October 2017, raking in roughly $242 million in May. The nearly $2 billion ETF has gained about 19% in 2023, outperforming its unhedged peers.