Amid widespread optimism among investors about Japan and Japanese stocks, sentiment toward the iShares MSCI Japan ETF (US:EWJ) is quite positive, according to readings on Fintel’s quant dashboards.
The exchange-traded fund, which has assets under management of nearly $11 billion and is operated by the large U.S. investment manager BlackRock, is one of Wall Street’s most widely owned ETFs specializing in Japanese stocks.
Fund Sentiment on EWJ stock is 80.93 on Fintel’s proprietary model, which measures the extent to which major funds are accumulating the shares. For comparison, the $2 billion AUM WisdomTree Japan Hedged Equity Fund (US:DXJ) scores 36.35. For investors, EWJ has an expense ratio of 0.50%, while DXJ charges 0.48%.
The exchange-traded fund also shows up on Fintel’s Dividend Yield Screen, which finds all securities with a dividend yield greater than 4%.
This post originally appeared on 24/7 Wall Street