First Trust Japan AlphaDEX Fund (FJP) Hits a New 52-Week High
For investors seeking momentum, First Trust Japan AlphaDEX Fund
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
More Gains Ahead?
Currently, FJP has a Zacks Rank #2 (Buy). Moreover, it seems FJP might remain strong given a
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