Question
The EWJ is the iShares MSCI Japan ETF. The purpose of the EWJ is to provide U.S. investors exposure to 321 medium and large Japanese
The EWJ is the iShares MSCI Japan ETF. The purpose of the EWJ is to provide U.S. investors exposure to 321 medium and large Japanese companies in an index fund with a single purchase on U.S. markets. The Beta of the EWJ is currently 0.69 and the standard deviation over the last three years averaged 15.29%. Over the last five years, the annual return on the EWJ was 10.07%. The 10-year U.S. treasury is at 1.59% (and you use this as your risk-free rate in your business). What is the Treynor measure for the EWJ? (Answer in percent, without a percentage sign, and rounded to two decimals.)
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