Key stats
About Xtrackers MSCI Japan Hedged Equity ETF
Expense ratio
0.47%
Home page
Inception date
Jun 9, 2011
ISIN
US2330515071
DBJP tracks a currency-hedged version of the popular MSCI Japan Index. DBJP hedges out the currency exposure inherent in investing in its underlying equities, which results in pure equity exposure that sidesteps the yen's volatility. The fund enters into forward currency contracts which hedges the JPY to the USD by selling JPY currency forwards at the one-month forward rate published by WM/Reuters. The fund tilts large due to its exclusion of small-caps, but its sector exposure is neutral, providing a comprehensive portfolio with minimal sector tilts. As much as possible DBJP uses full replication indexing, this strategy invests directly in the component securities while also using considerably the same weightings in which they are represented in the index.
Classification
What's in the fund
Exposure type
Finance
Producer Manufacturing
Consumer Durables
Electronic Technology
Stock breakdown by region