Industrials and consumer discretionary stocks form the core of the T. Rowe Price Japan Fund’s portfolio, making up 26.0% and 21.0% of the total assets, respectively.
As of the end of July 2015, the T. Rowe Price Japan Fund (PRJPX) had assets worth $330.43 million. Its expense ratio is 1.05%, and it doesn’t charge a 12b-1 fee.
The Nuveen Tradewinds Japan Fund – A (NTJAX) fell 4.4% in August from a month ago. In the three-month period ended August 31, it fell 2.1%, the third least faller.
the Nuveen Tradewinds Japan Fund – A (NTJAX) had 52 holdings as of August 2015. As a percentage of total assets, its top holding is NTT DoCoMo (DCM) with an exposure of 3.3%.
The Matthews Japan Fund – Investor Class (MJFOX) fell 5.3% in August 2015 from a month ago. It was the third steepest fall among the six funds under review in this series.
The Matthews Japan Fund – Investor Class is a large fund compared to its peers in this review, with assets of $1.39 billion as of July 2015, the latest available data.
The Fidelity Advisor Japan Fund – Class A (FPJAX) fell 5.4% in August 2015 from a month ago. It was the second steepest fall among the six funds under review in this series.
The Fidelity Advisor Japan Fund – Class A (FPJAX) is an offering by Fidelity Investments. The fund has assets of $543.2 million as of August 2015. Its net expense ratio is 1.23%.
The Commonwealth Japan Fund (CNJFX) fell 3.0% in August 2015 from a month ago. However, in the year-to-date period, the fund is up by 8.0%.
The Commonwealth Japan Fund has been in existence since July 1989 and was managing assets of $5.2 million as of August 2015. Its net expense ratio is 3.5%.
Between April 2015 and September 2015, XLK’s share price fell in excess of 50 trading days where fund outflows amounted to $868 million.
Tech ETFs such as the Technology Select Sector SPDR ETF (XLK) and the PowerShares QQQ ETF (QQQ) saw fund inflows of $166.85 million and $1,070 million, respectively, in June 2015.
In July 2015, investors poured approximately $23 billion in US ETFs with 50% of total investments in equity funds.
Stocks in the technology sector are currently in a slump due to a variety of macroeconomic factors. Tech ETF XLK has seen fund outflows amounting to $1.028 billion in August.
In the week ended August 13, 2015, technology ETFs such as QQQ, XLK, and IBB saw net fund outflows of $-640.79 million, $-340.40 million, and $-294.45 million, respectively.
In September 2015, investors are looking to park their funds in fixed-income ETFs due to volatile domestic as well as international stock markets.
Flows into investment-grade bond funds were positive for the week ended September 9 after six consecutive weeks of outflows. They saw net inflows of $461.0 million during the week.
Gilead Sciences (GILD) issued bonds worth $10.0 billion, the largest last week. The A3/A- rated bonds were issued through six tranches.
Investment-grade corporate bonds worth $54.11 billion were issued in the primary market in the week ended September 11, 2015. Issuance resumed after no activity in the previous two weeks.
A rate hike at this point could lead short-term higher rates, while low inflation expectations can keep the yields on long-term securities low, resulting in a flatter yield curve.