Core Insights - First Trust Japan AlphaDEX ETF (FJP) has reached a 52-week high, increasing by 81.3% from its 52-week low of $43.52 per share, indicating strong momentum for investors [1] Group 1: Fund Overview - FJP tracks the NASDAQ AlphaDEX Japan Index, utilizing the AlphaDEX stock selection methodology to choose stocks from the NASDAQ Japan Index [2] - The fund has an annual fee of 80 basis points and offers an annual yield of 2.31% [2] Group 2: Market Drivers - The rally in Japan ETFs is attributed to Prime Minister Sanae Takaichi's election victory on February 8, 2026, which has heightened expectations for pro-growth policies such as fiscal stimulus, tax reforms, and deregulation [3] - Improved growth forecasts from the Bank of Japan have further enhanced investor sentiment towards Japanese equities [3] Group 3: Performance Outlook - FJP holds a Zacks ETF Rank of 3 (Hold) with a medium risk outlook, suggesting potential for continued strong performance in the near term [4] - The fund has a positive weighted alpha of 54.94, indicating a modest rally may be on the horizon [4]

Business Strategy & Outlook - Mizuho's CEO anticipates that Japanese Prime Minister Sanae Takaichi's pro-growth policies will stimulate the bank's business [1] - The Bank of Japan's interest rate hikes are expected to positively impact Mizuho's businesses [1]