SoftBank (OTCMKTS:SFTBY) will host its 2020 annual meeting of shareholders today. The shareholder meeting comes at an interesting time for the company.
Dish stock jumped after Dish Network Chairman Charlie Ergen mentioned financial support from SoftBank in the T-Mobile–Sprint merger trial. We’ll look at what this support means to Dish.
In December, Amazon (AMZN) stock opened above $1,800 but dropped by 3% during the week to close at $1751.6. In addition, its YTD returns dropped to 14%.
In 2017, Softbank (SFTBY) created a pool of $100 billion to promote new business ventures. The company provided seed funding to entrepreneurs worldwide.
The global telecom industry is undergoing a rapid transformation, especially with the advent of 5G technology. We look at the telecom space’s key trends.
WeWork, which was expected to go public this month, has suspended its IPO at least until next month after a lackluster response from potential investors.
Reports indicate that WeWork is looking to cut its valuation by over 50% to ease its upcoming IPO. WeWork was privately valued at $47 billion in January.
Last year, Alibaba (BABA) made a big bet on China’s local consumer services industry with its acquisition of online food delivery provider Ele.me in a transaction that valued the business at $9.5 billion.
As Apple (AAPL) gears up to host a September 12 event, where it’s expected o unveil its latest smartphone products, there has been a lot of talk about its new iPhone prices.
Alibaba (BABA), which is in the process of taking over full ownership of Ele.me, continues to buy out other investors in the online food delivery startup.
The SunAmerica Japan Fund – Class A (SAESX) fell a sharp 17% in the first four months of 2016, making it the second-worst performer among the nine funds in this review.
The T. Rowe Price Japan Fund (PRJPX) rose 2.6% in the first four months of 2016, making it the second-best performer among the nine funds in this review.
Industrials, consumer discretionary, and information technology form the core of PRJPX’s portfolio. These three sectors form a combined 61% of the fund’s assets.
From a purely net asset value return standpoint, the Fidelity Pacific Basin Fund (FPBFX) was among the top three funds in its peer group in the one-year period ending March 31, 2016, as well as in 1Q16.
In terms of NAV (net asset value), the Fidelity Pacific Basin Fund (FPBFX) was the best-performing fund among the nine we’ll be looking at in this series.
The T. Rowe Price Japan Fund (PRJPX) is well diversified with 78 holdings as of December 2015. It was managing assets worth $330.08 million at the end of December.
According to the Ministry of Land, Infrastructure and Transport, Japanese housing starts fell 1.3% in December YoY as compared to a rise of 1.7% in November.
According to the Ministry of Internal Affairs and Communications, Japanese household spending fell 4.4% in December as compared to a fall of 2.9% in November.
The World Bank noted that the slow growth rate of emerging and developing countries came along a slowdown in global trade and a rise in financial volatility.
The oil and gas industry provided a return of -1.6% on December 31. The continuous fall in crude oil prices dragged down the oil and gas industry’s performance.
According to Japan’s Ministry of Internal Affairs & Communications, the unemployment rate rose to 3.3% in November 2015, as compared to 3.1% in October 2015 and 3.5% in November 2014.
According to MLIT (Japan’s Ministry of Land, Infrastructure, Transport and Tourism), housing starts increased 1.7% in November on a YoY (year-over-year) basis.
With an increase in food prices by 2.9%, Japan’s CPI remained relatively unchanged on a YoY basis in November, recording the same increase of 0.3% seen in October 2015.
NTT Docomo (DCM), KDDI Corporation, Nippon Telegraph and Telephone Corporation (NTT), and SoftBank Group (SFTBY) rose 6.5%, 5.1%, 4.3%, and 2.1%, respectively, in yesterday’s trade.
On November 18, 75% of the portfolio holdings of the iShares MSCI Japan ETF (EWJ) closed above their 100-day moving averages—up from 66% on November 17.
For investors interested in international mutual funds, the next step is to evaluate the investment style, as well as risk and return metrics like the Sharpe ratio and standard deviation.
The iShares MSCI Japan ETF is an indicator of the Japanese equity market. It closed at $12.35 on November 13, 2015, a fall of 0.48% from the previous day.
An analysis of the iShares MSCI Japan ETF will tell us about more about its Volatility, showing the fluctuation in periodic returns from average returns.
The iShares MSCI Japan ETF (EWJ) fell 0.08% from the previous day to close at $12.50 on October 26 ahead of the Bank of Japan’s monetary policy review on Friday, October 30.
The T. Rowe Price Japan Fund fell by 5.4% in September 2015 from the previous month. A consistent performer, it’s been among the top three funds in returns.
Junk bond issuance was subdued in 3Q15 except for the week ended September 25. Volatility in financial markets and worries about a slowdown in the global economy kept issuers away from primary markets.
High-yield bond issuance fell in 3Q15 compared to 2Q15, with July and August seeing muted issuance activity. Both of these months saw the least issuance in 2015 year-to-date.
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.
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.
Difficult market conditions have held junk bond issuance back for several weeks now. Both overall and individual deal size have fallen over the three months ended September 4.
A “three-arrow” economic program, Abenomics combines monetary easing, fiscal expansion, and structural reform. In this series, we will look at how economic releases have impacted Japan-focused mutual funds.
Japanese equities fell as Chinese stocks corrected in late June and July. They fell even after the People’s Bank of China devalued the yuan three times in the week ended August 14.
The Matthews Japan Fund (MJFOX) was the top-performing fund among the four Japan-focused mutual funds chosen for this review. It returned 15.8% for the one-year period ended July 24, 2015.
The T. Rowe Price Japan Fund’s (PRJPX) total returns for the past one year ended July 24, 2015, stood at 6.8%. Toyota has been the fund’s top holding in the period, forming 4.8% of the portfolio on average.
Both PRJPX and FPJAX are benchmarked to Japan’s TOPIX Index. While financials form the biggest holdings for FPJAX, PRJPX has maximum exposure to the industrials sector.
FPJAX’s average exposure to stocks belonging to different market caps has shown a clear favor for large-cap stocks. About 81.1% of its holdings for the past year were in the large cap space.
The total number of holdings in the WisdomTree Japan Hedged Equity ETF (DXJ) is 329, whereas the total is 316 for the Deutsche X-trackers MSCI Japan Hedged Equity ETF (DBJP).
The US leveraged loans market saw an allocation of $16.2 billion in senior loans in the week ending July 31. This was sharply higher than the $9.3 billion priced in the week ended July 24.
Junk bond issuance activity was subdued in the week ended July 31 as issuers remained wary of the volatility in the commodities markets and the fall in Chinese equities.
Volatility in the commodities markets and a sharp fall in Chinese equities made issuers cautious about raising high yield bonds in the week ending July 31.
Volatility in the commodities markets and a flattening Treasury yield curve made issuers rather cautious about participating in the high yield bond market in the week ended July 24, 2015.
