The ETF market is like a battlefield without gunfire

The ETF market is like a battlefield without gunfire these days. Should I say it's the last oasis in the current domestic financial market, where the growth curve has almost laid down?

However, consumers have a lot of regrets in terms of diversity of choices. Can't you choose a theme and release it a little half-step earlier?

The large tech sell-off, which seems to have started with the recent U.S. presidential election uncertainty, actually seems to have a big impact on the Yen carry trade liquidation.

Of course, the Japanese authorities will be troubled by the extreme weakening of the yen, but it will also be a good prey for Trump, a protectionist. If the interests of the two countries on the normalization of the currency market converge roughly, it is only a matter of time, and the yen will gradually strengthen, and the risk of price adjustment for the dollar-denominated high-yield assets (such as M7, HY, etc.) invested through the Yen Carry trade has increased.

The currency market is an area of policy, but once the direction is set, it is highly sustainable.

If so, I think it would have been nice if there was a yen-dollar L/S ETF for general retail.

For your information, let me introduce London-listed LJP3 (yen long, dollar short 3x leverage ETF). The global macro strategy, which is mainly the area of hedge funds, can be easily invested by ordinary individuals through listed ETFs. Of course, it is a futures 3x leveraged product, so the price volatility is high, so it should be executed only under a clear direction forecast.

As competition in the ETF market intensifies, new products are pouring out, but these days, they do not feel the difference in strategies for each management company.

Now, the ETF market is moving beyond the growth stage to the maturity stage. It is time to think about various alternative liquid ETFs that can respond to the financial four-season market beyond worrying about themes and sectors.