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ETF Investors Should Stay Out of Japan

By Don Dion

 About this article:
 For now, avoid Japan ETFs and stick with stronger country ETFs such as iShares Brazil, Market Vectors Russia or WisdomTree India. Today, Japan reported 4.8% annualized growth for the third quarter. While stronger economic growth in Japan is a positive sign, it doesn't signify anything until a trend develops, because Japan has had false dawns during the past 20 years. Investors should stick with the trend that is under way: lower prices for Japanese ETFs. This is best highlighted by the returns for ProShares Ultra Short Japan, the two-times leveraged inverse ETF. Over the past three months, most two-times leveraged inverse ETFs have lost a lot of money. ProShares Ultra Short Real Estate lost 33.8%, ProShares Ultra Short China lost 31.3%, ProShares Ultra Short Russell 2000 lost 17.5%, and ProShares Ultra Short S&P 500 lost 22.4%. EWV, however, gained 0.7%, thanks to a...

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