iShares MSCI Japan Small-Cap ETF
SCJ
Market cap $116M

77.55 USD

+0.76

0.99%

At close Apr 17, 4:00 PM EDT

1 day

0.99%

5 days

3.77%

1 month

-1.64%

3 months

7.68%

6 months

2.20%

Year to date

6.10%

1 year

7.90%

5 years

29.08%

10 years

32.23%

0

Funds holding %

of 7,419 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

160% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 5

38% more capital invested

Capital invested by funds: $33.7M [Q3] → $46.5M (+$12.7M) [Q4]

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

9% more funds holding

Funds holding: 35 [Q3] → 38 (+3) [Q4]

4.4% more ownership

Funds ownership: 32.93% [Q3] → 37.33% (+4.4%) [Q4]

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Research analyst outlook

We haven’t received any recent analyst ratings for SCJ.

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Financial journalist opinion

SCJ: Japanese Equities Look Intriguing

Japanese equities have underperformed globally since 2011. The MSCI Japan Small-Cap Index only outperformed the MSCI World Small Cap Index in four years since 2011. Japan's economy has faced significant pressure since 2019-2020, causing many investors to avoid Japanese stocks. Despite recent underperformance, factors exist that could renew investor interest in Japan's stock market.

SCJ: Japanese Equities Look Intriguing

Japan In The Spotlight; Blockchain In AI's Shadow

As the global private equity industry took tentative steps toward recovery in 2024, Japan raced ahead. The value of private equity investment in Japan jumped nearly 41% over the prior-year total in 2024, far outpacing the 25% year-over-year gain in global private equity deal value, according to S&P Global Market Intelligence data.

Japan In The Spotlight; Blockchain In AI's Shadow

Japan: Hotter Than Expected Inflation, Output Rebound Should Support The BoJ's Policy Normalization

Today's data were a mixed bag, but the Bank of Japan will pay more attention to the sharp rise in Tokyo's inflation. Tokyo consumer prices rose more than expected to 2.6% YoY (vs 2.2% in July, 2.3% market consensus).

Japan: Hotter Than Expected Inflation, Output Rebound Should Support The BoJ's Policy Normalization

Country Small-Cap ETFs

India small-caps only recently took the lead on the US, with a big jump higher over the last 18 months or so. Small-caps in other countries have been poor options for US investors relative to owning something like the S&P 500 ETF.

Country Small-Cap ETFs

BoJ Hikes By 25 Bps And Starts QT: Too Little Too Late, But In Right Direction To Prop Up The Plunging Yen

The “real” policy rate is massively negative, with the new policy rate of 0.25% far below Core CPI of 2.6%. When QT reaches about ¥3 trillion per month in 2026, it would represent a reduction of its JGB holdings of about 0.5% per month.

BoJ Hikes By 25 Bps And Starts QT: Too Little Too Late, But In Right Direction To Prop Up The Plunging Yen

Escape Velocity: Japan's Drift Toward Sustained Inflation

Japan has been struggling for some time to generate enough velocity in inflation to escape the gravitational pull of deflation. The story for the rest of 2024 and into 2025 is now centered on whether inflation will be sustained at the BOJ's 2% target.

What's The Next Step For The Bank of Japan?

In March, the Bank of Japan abolished its 8-year-old negative interest rate policy, hiking rates for the first time in 17 years by raising its benchmark rate to 0-0.1%. To combat inflation while also avoiding an excessive surge in interest payments, the BOJ is considering passive quantitative tightening.

Mixed Japanese Data Supports BoJ's Policy Normalization

We'd rather downplay the weaker-than-expected manufacturing data and focus on a solid recovery in retail sales and a reacceleration in inflation, which will be welcomed by the Bank of Japan. Inflation has been quite choppy due to various government programmes and utility prices.

What Has Led To Japan's Come-Back?

By end-April 2024, Japanese equities had outperformed the FTSE All-World index over 12 months and in the year to date. Japan has undertaken significant structural corporate reforms in recent years.

Weak Yen Unlikely To End Japan's Rally

A weak yen is unlikely to end the positive momentum in Japanese equities. The drivers of the recent rally remain, so we stay overweight Japanese stocks.

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