First Trust Japan AlphaDEX Fund (FJP) Hits A New 52-Week High
Zacks Investment Research | Dec 12, 2019 05:59AM ET
For investors seeking momentum, First Trust Japan AlphaDEX Fund (PS:FJP) is probably a suitable pick. The fund just hit a 52-week high, up roughly 16.7% from its 52-week low of $44.50/share.
But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
FJP in Focus
The fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the NASDAQ AlphaDEX Japan Index. FJP is charging 80 bps in fees. The fund has amassed $77.6 million in AUM.
Why the Move?
Japan’s better-than-expected economic growth numbers have provided a sigh of relief to investors amid global economic slowdown and ongoing trade gyrations. Japan’s economy Zacks Investment Research
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