RetireJapan

What is a good way to get into the US market index funds but NOT have currency risk. Ie I don't want to have my investment fluctuate like JPYUSD so are there funds that hedge out FX and only track US stock index ?

I have rakuten account btw

I found a Japan-listed hedged S&P500 ETF with reasonable fees the other day: https://www.blackrock.com/jp/individual ... 0-etf-fund

You can't buy the S&P 500 in JPY without currency risk, because the S&P 500 is in USD.

You can try to hedge the risk, but that just makes the investment behave more like a Japanese one.

https://www.am.mufg.jp/smp/fund/index.php?fundcd=182630

https://www.nikkoam.com/products/etf/lineup/sp500-hedge

https://nextfunds.jp/lineup/2634/

https://www.jpx.co.jp/equities/products ... 2521-j.pdf

https://www.sbisec.co.jp/ETGate/WPLETsi ... e_code=TKY

https://www.nikkei.com/nkd/fund/?fcode=48311206

https://www.nikkei.com/nkd/fund/?fcode=03313212

https://www.a-tm.co.jp/top/securities/i ... /48311206/



The point of a Hedged Fund would be to only reflect the change in the Index, and not any change in the exchange rate from the time of purchase of the units.

You might want to purchase FX Unhedged Units if you expect the Yen to weaken in order to take advantage of the Yen Value Increase due to the weakening Yen, but you might want to purchase FX Hedged Units if you expect the Yen to strenghten significantly in order to protect you from any Yen Value Decrease due to the strengthening Yen.

https://www.nli-research.co.jp/report/d ... 2&site=nli