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Daiwa ETF-TOPIX up 1.0% for week
Thursday August 22, 2019

Daiwa ETF-TOPIX (TO:1305), the 4th largest Exchange Traded Fund by market cap in Japan, was unchanged after adding 1.0% in the week ended Thursday, August 22. Its MCap is JPY3,910.5 billion (US$36.7 billion).

NET ASSET VALUE release date 21 August, 2019

The Net Asset Value (NAV) of the ETF is JPY1,555.10 and it last traded at a discount of 0.006% to NAV.

1305Today1 Day agoWeek agoMonth ago
Price, JPY1,555.01,565.01,539.01,615.0
NAV, JPY1,555.11,564.731,540.931,616.18
Price/NAV1.01.01.01.0
MSCI JAPAN1,778.141,777.361,761.161,844.17

THE PAST WEEK [Price up 1.0% to JPY1,555.0; NAV up 0.9% to JPY1,555.10]

Daiwa ETF-TOPIX NAV rises in 3 out of last 5 days.

DAYComment on PriceClose price [JPY]NAV [JPY]NAV ChangeComment on NAV
Aug 21Decreases 0.6% on average volume1,5551,555.1-9.63
Aug 20Increases 0.8%1,5651,564.7312.89Top Rise
Aug 19Increases 0.7% on weak volume1,5521,551.849.43
Aug 16Increases on low volume1,5411,542.411.48
Aug 15Decreases 1.0% on firm volume1,5391,540.93-16.21Steepest Fall

YEAR-TO-DATE

Daiwa ETF-TOPIX dips 0.6% in 2019

Daiwa ETF-TOPIX (TO:1305), dipped JPY10.0 (or 0.6%) year-to-date (YTD) in 2019 to close at JPY1,555.0 today. Compared with the Morgan Stanley Capital International Japan Index which has risen 2.4% YTD, this is a relative price change of -3%.

SECTION 1

DAIWA ETF-TOPIX BULLISH SIGNALS

1.1 Technicals:

+ The present value of JPY1,000 (PV1000) invested five years ago in Daiwa ETF-TOPIX is JPY1,256, including a capital gain of JPY212 and dividend reinvested of JPY43.

+ 5 years Multiplier in JPY = 1.256x

+ Compound Annual Growth Rate (CAGR) in JPY = 4.7%

Present Value of USD1,000 invested 5 years ago:

+ The present value of USD1,000 (PV1000) invested five years ago in Daiwa ETF-TOPIX is $US1,220, including a capital gain of $US177 and dividend reinvested of $US42.

+ 5 years ago USD 1 equalled JPY 103.3592

+ 5 years Multiplier in USD = 1.22x

+ Compound Annual Growth Rate (CAGR) in USD = 4.0%

1.2 High Performance Indicator:

DescriptionValueRank In Market
Today's TurnoverJPY78.3 million (US$735,282)In Top 3%

SECTION 2

DAIWA ETF-TOPIX BEARISH SIGNALS

2.1 Technicals:

+ The price dropped 3.7% in the last month.

+ Compared with the Morgan Stanley Capital International World Index [MSCI World] which fell 2.7% for the month, this represented a relative price decrease of 0.1% for the month.

+ The present value of JPY1,000 (PV1000) invested one year ago in Daiwa ETF-TOPIX is JPY883, for a capital loss of JPY117.

A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International Japan Index [MSCI JAPAN] is shown below:

PV10001-week1-month1-year
1305.TO1,010963883
MSCI World1,024976991
MSCI JAPAN1,010959913

2.2 Low Performance Indicators:

DescriptionValueRank In Market
Price/MAP500.95In Bottom Quartile
Price/MAP2000.91In Bottom Quartile

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Momentum:

+ Volume: there were 50,330 units worth JPY78.3 million (US$735,282) traded today. In the past week, volume was 0.4 times average and the units were up 1.0%. The volume was 0.2 times the average daily trading of 258,591 units.

3.2 The Best 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI JAPAN Change %RPC %Vol Ind [1 is avg]
Jul 01-052.62.40.21.6
Jun 03-071.41.30.12.7
Jun 10-140.91-0.10.6

3.3 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI JAPAN Change %RPC %Vol Ind [1 is avg]
Jul 08-12-3.1-0.9-2.20.6
Jul 29-Aug 02-2.5-2.2-0.30.7
May 27-31-1.8-1.902.5

3.4 Trailing 3 months

TurnoverUS$268.2 million
Volume17,673,730
Volume Index (1 is avg)1.0

3.5 Trailing Price Change %

3-Year price change for 1305 was 16.5%. Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 23.3% in the 3 years, the relative price change was -6.8%.

Price Change %QuarterYear3 Years
1305-5.1-11.716.5
MSCI World0.8-0.823.3

3.6 MCap: 5-Year Perspective

In the past 5 years Market Capitalization has increased by JPY2,768.7 billion from JPY1,141.8 billion to JPY3,910.5 billion. Based on a dynamic start date of 5 years ago, there has been only 1 decline in MCap over the last 5 years.

Close PriceMCap (JPY B)MCap (US$ B)
LastJPY1,555.03,910.536.7
1 Year agoJPY1,749.03,545.332.2
2 Years agoJPY1,653.02,489.422.8
3 Years agoJPY1,335.01,224.912.2
4 Years agoJPY1,641.031,295.410.4
5 Years agoJPY1,271.851,141.811.1

3.7 Year-on-Year Comparison (Trailing year - ended 31 Jul)

In the past 5 years, 1305 has jumped 27.0% from 1,281.52 to 1,627, an average annual compound rise of 4.9%.

201920182017201620152014
Close1,6271,8331,6751,3591,675.341,281.52
% Price Change6.930.2-22.930.411.846.9
Avg Daily Volume262,274341,300329,316541,890709,978500,043
VWP1,804.271,496.811,448.45719.01
Turnover Period32 yrs 2 mo19 yrs 11 mo10 yrs 5 mo6 yrs 9 mo26 yrs 9 mo10 yrs 4 mo
Price Range1,216.56 - 1,721.411,177.14 - 1,703.861,077.48 - 1,292.15

In the past 5 years average daily volume has declined 47.5% from 500,043 units to 262,274 units. Turnover period has increased from 10 years 4 months to 32 years 2 months. This indicates a larger number of core investors, making a long-term investment safer.

SECTION 4

RANKING

4.1 Global Rank out of 5,055 ETFs

The present value of $US1,000 invested a year ago is $US912, ranking it 3228 out of 5,055 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 38.

DescriptionValueRankQuartile
Net Assets (US$)10.3B100Top
Price/NAV1.0923Top
Rel Strength 6 Mo (US$)383131Third
PV$1000 (1Year) US$*9123228Third

* 1 year ago USD 1 equalled JPY 109.8901

Aug 22, 2019: USD 1 equals JPY 106.4396

4.2 Rank in the Total Japan ETF Market [out of 207 ETFs]

DescriptionValueRank
Rel Strength 6 Mon (JPY)29146
PV1000-1Year (JPY)883135

SECTION 5

PROFILE

5.1 Description

Daiwa Exchange Traded Fund - TOPIX is an exchange-traded fund established in Japan. The Fund's objective is to provide investment results that correspond to the performance of the Tokyo Price Index (TOPIX). The Fund invests in all stocks that comprise the TOPIX.

5.2 SNAPSHOT

Daiwa ETF-TOPIX (TO:1305)

ISIN: JP3027620008

Inception DateJuly 13, 2001
Expense Ratio0.1% of average net assets
CategoryGrowth
Fund Family NameDaiwa Asset Management
Index TrackedTokyo Price Index (TOPIX)
Asset ClassEquity ETF

5.3 ETF Summary

LastJPY1,555.0
Volume245,430
Volume Index (1 is avg)0.9
Market CapJPY3,910.5 billion [US$36.7 billion]
Units Outstanding2,514,813,464
Relative Strength (3 mo)14

5.4 Management Fees

+ The management fee is 0.11% of total assets

1305.T

Source: www.BuySellSignals.com