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Stock impact report

JOF: Probably Still Discounted, But Domestic Exposure Amid Yen Concerns [Seeking Alpha]

Japan Smaller Capitalization Fund Inc (JOF) 
US:NYSE Investor Relations: wisdomtree.com/etfs/equity/dfj
Company Research Source: Seeking Alpha
JOF's portfolio includes both domestic and export-oriented businesses, but its foreign market exposure is less than the broader index, which can be accessed cheaply. Despite similar ROE and sales growth to category averages, JOF trades at ~30% lower P/E and P/B, suggesting a value case exists. But we'd prefer to run with our own picks when taking bets in the domestic Japanese market in the mid- and small-cap space and avoid the expense. Aaphakon Yusomsri/iStock via Getty Images Japan Smaller Capitalization Fund ( JOF ) offers a small-cap exposure to Japan. Price-to-Book Values, or PBRs, aren't as discounted anymore, which is a bit of a reason for concern given some of the return drivers possible in Japanese More on my IG service Thanks to our global coverage we've ramped up our global macro commentary on our marketplace service here on Seeking Alpha, The Value Lab . We focus on long-only value ideas, where we try to find international mispriced equities and target a portf Show less Read more
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