Global X Scientific Beta Japan ETF (SCIJ) in Focus
Japanese stocks are soaring near multi-year highs on intense monetary easing. The Central Bank increased its asset buying program to 80 trillion yen a year in October 2014 from the prior rate of 60–70 trillion yen to push a sputtering economy. So, tapping the Japan ETF in a scientific manner would be a great option.
The fund is made up of 473 components. However, no other stock makes up over 0.91% of the basket. Sector wise, Industrials dominates the fund with 20.2% allocation, while Financials (17.7%) and Consumer Discretionary (15.8%) occupy the next two spots. The fund charges 38 bps in fees.