“If you just look at the India ETFs, they❻ trading right now anywhere from 22 to 23 times next year❼earnings,” he said in the same interviewGuoabong Stock. “That❼extremely elevated to most foreign ETFs and very elevated to itself, [with the] 10-year average being closer to 18.”
For that reason, Akins pointed to Japan as a cheaper, more “conservative” overseas opportunity.
“Japan is an interesting story, just in terms of how much exposure they have across the globe, similar to the U.S., but their valuations are so much more depressed, trading at 14 times [the] next 12 months✩arnings,” he said.
Franklin Templeton❼Mann agreed that Japan is regaining popularity with investors, who view the country “almost as its own region.”
As of Tuesday❼close, the firm❼Franklin FTSE Japan ETF (FLJP) gained 12.58% in the past yearJaipur Wealth Management. Its three largest holdings currently are Toyota Motor, and Mitsubishi UFJ Financial.
“Japan obviously has got a very stated pro-growth mindset right now after years of stagnation or deflation,” ETF Action❼Akins said of the country❼market performance.
Jaipur Wealth Management
