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Portfolio > ETFs

Targeting Japanese Stocks

By Ron DeLegge

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A pair of ETFs from Direxion Shares will target Japanese stocks.

The Direxion Daily Japan Bull 3x Shares (JPNL) aims for 300% daily performance of the MSCI Daily TR Net Japan USD while the Direxion Daily Japan Bear 3x Shares (JPNS) aims for 300% opposite daily performance to the same yardstick.

Japan’s blue chip index, the Nikkei 225, gained 10% during the first six months of the year. However, the Nikkei Stock Average Volatility Index has surged 80% and price swings have pushed the Nikkei volatility index to levels during the March 2011 earthquake and tsunami.

Japan’s net public debt is 135% of its gross domestic product, and growth is projected to be just 1% in 2013. But the country’s economic growth is supported by its near-term fiscal stimulus, aggressive monetary policy and recently announced plan to spur private investment.

The MSCI Japan Index is a free-float adjusted market capitalization weighted index that tracks Japanese securities listed on Tokyo Stock Exchange, Osaka Stock Exchange, JASDAQ and Nagoya Stock Exchange. The MSCI Japan Total Return Index takes into account both price performance and income from dividend payments.

The annual net expense ratio for each of the Direxion ETFs is 0.95%

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