Dec. 19 at 8:52 PM
https://seekingalpha.com/article/4854774-ewjv-a-high-dividend-yield-etf-with-a-forgotten-currency-upside
The iShares MSCI Japan Value ETF (
$EWJV) trades at a 14.15x P/E, making it meaningfully cheaper than comparable U.S. value ETFs and highlighting the persistent valuation gap between Japanese and U.S. equities.
$EWJV benefits from Japan’s recent rate hikes, the potential for Yen appreciation, and remains attractively priced at approximately 84% of Graham’s intrinsic value when averaged across the ETF’s holdings.
The ETF’s top positions include Toyota (
$TM) and major Japanese trading houses such as
$MITSY,
$ITOCY,
$SSUMY, and
$MSBHF, contributing to diversification and a relatively low 3-year standard deviation of 10.94%.
While currency risk and long-term demographic challenges remain key considerations, Japan’s globally competitive export base, improving capital-allocation policies, and shareholder-friendly reforms support a continued Buy rating .
$SCHD