Japan Smaller Capitalization Fund: A Closer Look at PBRs and Domestic Exposure Amid Yen Concerns.

The Japan Smaller Capitalization Fund (JOF) provides exposure to small-cap companies in Japan. While its price-to-book ratios are no longer as discounted, this may be a cause for concern given the potential return drivers in the Japanese market. The fund's domestic focus may be advantageous amid concerns about the yen.