Exchange-traded funds that buy Japanese stocks were rallying Monday, adding to their surge this year, after the election of Sanae Takaichi to lead Japan’s Liberal Democratic Party put her on track to become the country’s next prime minister.

The iShares MSCI Japan ETF

EWJ was up 2.1% in afternoon trading Monday, while the JPMorgan BetaBuilders Japan ETF BBJP climbed 2% and the WisdomTree Japan Hedged Equity Fund DXJ jumped 3%, according to FactSet data, at last check. Shares of all three U.S.-listed ETFs have surged more than 20% this year, based on Monday morning trading.