U.S. investors sent assets in Japanese equity exchange-traded funds to record heights last week as the nation struggled to deal with the aftermath of an earthquake, a tsunami and a nuclear crisis.
U.S. investors sent $1.2 billion into Japanese ETFs last week, the biggest inflow on record. The Nikkei 225 Index remains down 9% since the earthquake hit, so investors saw a buying opportunity based on confidence the Japanese will rebuild their economy and the market will rebound.
MarketWatch columnist Jeff Reeves offers another take on investing in Japan and other trouble spots worldwide. He suggests investing in Hitachi Ltd., a Japanese that had achieved a dramatic turnaround in profit in the year before the quake hit.