GSJY ETF Analysis: Dividends, Returns AMEX:GSJY — TradingView

Analysis

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GSJY offers multi-factor exposure to Japanese equities. The fund combines four sub-indices value: quality, momentum, and low volatility, into one ETF. Despite the active moniker, the ETF tracks an index from its issuer. All four sub-indices pull their constituents from the parent MSCI Japan index, giving each member a weighting based upon factor criteria (small-caps are excluded per the parent index). Criteria include book value, sales, and cash flow scaled by share price, profit/assets or ROE, risk-adjusted returns, and daily standard deviation of returns. The four equally-weighted sub-indices are combined to create the index, any overweights to a particular name from one sub-index will cancel underweights from another. As such, the fund may exhibit moderate rather than radical deviations from the cap-weighted market.