Take Profit: Japanese Small Cap ETF: Running +20% & Trading at Multi-Year High

Research Notes December 2025 > https://www.unum.capital/post/rdec2025

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za

---

Previous Post (15 March): Anticipating Yen Strength? Consider Japanese Small Caps (ETF)

With monetary policy in Japan undergoing a multi-year regime change, this could lead to a stronger Japanese Yen. Here, small caps are likely to be a beneficiary.

On a valuation basis, the group offers value, with a multiple below that of the broader market.

SCJ ETF Daily Chart

Lester Davids

Analyst: Unum Capital