There were no changes to the suite of DWS models this week, so we will look at the Xtrackers MSCI Japan Hedged Equity ETF ([DBJP]).
There were no changes to the suite of DWS models this week, so we will look at the Xtrackers MSCI Japan Hedged Equity ETF (DBJP).
International equities have cooled over the last week or so amidst continued global unrest and a rebound for the US dollar. Despite this, the overall international landscape remains a technical leader across the broad ranking tools on the NDW platform. More specifically, Japan continues to rank quite well, seeing the space rank second out of all 134 groups on the Asset Class Group Scores Page. To garner exposure to Japanese equities, you could look to DBJP. The fund, earning a strong 5.69 fund score at the time of this writing on 3/10, has pulled back towards localized support on its default chart. The fund has established a string of four consecutive buy signals, signaling a strong technical posture as we move further into March. Interested parties could look to open/add to positions around current levels.