Simple-X Dow Jones ETF (1679.T) Rallies 1.29% to Close at Session High, Highlighting its Appeal with a 0.00% Expense Ratio
TOKYO – The Simple-X NY Dow Jones Index ETF (1679.T), a popular choice for Japanese investors seeking exposure to the U.S. market, posted a strong performance, closing the trading day with a significant gain. The ETF finished at 52,500.00 JPY, up +670.00 JPY or 1.29%, in a clear display of investor confidence.
What makes the day’s performance particularly bullish is that the fund closed at its absolute high for the session. After opening at 52,220.00 JPY, the ETF traded in a tight upward channel, never looking back and culminating in a powerful finish. This type of price action, where an asset closes at its peak, often signals strong underlying momentum and the potential for continued gains.
The Ultimate Investor Advantage: A Zero-Fee ETF
While the daily gain is noteworthy, the most compelling feature of the Simple-X NY Dow Jones Index ETF is its unbeatable cost structure. The fund boasts a net expense ratio of 0.00%. This means investors can gain exposure to 30 of America’s most iconic blue-chip companies without paying any management fees, allowing them to keep a larger portion of their investment returns. In a world where fees can significantly erode long-term gains, a zero-fee ETF is a powerful tool for building wealth.
Stability and Income in One Package
Beyond its cost-effectiveness, the ETF offers other attractive features for a balanced portfolio. It provides a respectable yield of 1.90%, offering investors a steady stream of income from the dividends paid by the Dow’s constituent companies.
Furthermore, with a Beta of just 0.78, the ETF is significantly less volatile than the broader market. This makes it an ideal core holding for investors who want to participate in the growth of the U.S. economy while mitigating risk. The fund’s substantial Net Assets of 1.18 Billion JPY also reflect its established presence and investor trust.
Despite a negative Year-To-Date return of -9.29%, today’s strong performance could signal a turning point. With the price currently well below its 52-week high of 57,980.00 JPY, today’s rally suggests that investors are seeing value and an attractive entry point into one of the world’s most important stock indexes, all through an incredibly efficient and cost-free vehicle.
Frequently Asked Questions (FAQ) about Simple-X NY Dow Jones Index ETF (1679.T)
Here are answers to more than 10 common questions about this unique ETF.
1. What is the Simple-X NY Dow Jones Index ETF (1679.T)?
It is an Exchange-Traded Fund (ETF) that trades on the Tokyo Stock Exchange. It is designed to track the performance of the Dow Jones Industrial Average, giving Japanese investors easy access to this major U.S. stock market index.
2. What does the ticker “1679.T” mean?
“1679” is the numerical stock code for the fund on the Tokyo Stock Exchange, and the “.T” suffix signifies that it is listed in Tokyo.
3. What is the main attraction of this ETF?
Its single biggest advantage is the 0.00% net expense ratio. This means investors do not pay any annual management fees to the fund provider, which is extremely rare and highly beneficial for long-term returns.
4. What did the ETF close at today?
It closed at 52,500.00 JPY, which was a gain of 1.29% for the day. This was also the highest price it reached during the session.
5. Does this ETF pay a dividend?
Yes. It has a yield of 1.90%, which comes from the dividends distributed by the 30 companies that make up the Dow Jones Industrial Average.
6. Is this a risky or volatile investment?
It is considered a relatively low-volatility investment. Its Beta of 0.78 indicates that it is historically about 22% less volatile than the overall market.
7. In what currency does this ETF trade?
It trades in Japanese Yen (JPY), as it is listed on the Tokyo Stock Exchange.
8. What is the difference between the ETF’s price (52,500.00) and its NAV (50,815.00)?
The ETF price is the price it trades at on the stock exchange, determined by supply and demand. The Net Asset Value (NAV) is the underlying per-share value of all the stocks the fund holds. The ETF can trade at a slight premium (above NAV) or discount (below NAV).
9. What is the 52-week range for this ETF?
The 52-week trading range is between 43,850.00 JPY and 57,980.00 JPY.
10. What was the trading volume?
The volume for the day was 30 units, with an average volume of 70. This suggests it may be a fund held more by long-term, buy-and-hold investors rather than active day traders.
11. Why is the Year-to-Date (YTD) return negative at -9.29%?
This means that since the beginning of the calendar year, the ETF’s total return has decreased by 9.29%. This reflects the performance of the U.S. Dow Jones index during that period. Today’s gain shows a positive move to recover from those earlier lows.
12. Who is this ETF suitable for?
This ETF is ideal for Japanese investors looking for a very low-cost, stable, income-producing way to invest in a diversified portfolio of large, well-established U.S. companies.
