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DX2J

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Analysis and statistics

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About

DX2J.MU is the ticker symbol for the Xtrackers II Japan JPX-Nikkei 400 Equity UCITS ETF. This ETF tracks the performance, before fees and expenses, of the JPX-Nikkei 400 Net Total Return Index. The index consists of 400 leading Japanese companies selected based on factors like return on equity, cumulative operating profit, and market capitalization. It provides exposure to a broad segment of the Japanese equity market and is listed on the Munich Stock Exchange (MU).

Factors

Underlying Index Performance: DX2J.MU tracks the MSCI Japan EUR Hedged index. The ETF's price heavily depends on the index's performance. If the index rises, the ETF price tends to increase, and vice versa.

Currency Exchange Rates: The ETF hedges against EUR/JPY fluctuations. However, slight deviations in hedging effectiveness can still influence the price. Significant and unexpected currency movements might have a small impact.

Supply and Demand: Market forces of supply and demand directly influence the ETF's price. Higher demand than supply pushes the price up, while higher supply than demand pushes it down.

Trading Costs and Fees: The ETF's expense ratio and brokerage fees affect the overall return. Higher expense ratios can indirectly impact the demand and perceived value, potentially influencing its price.

Investor Sentiment: Overall market sentiment towards Japanese equities and currency-hedged products can impact investor demand and, consequently, the ETF's price.

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