FOREIGN investors now own around a quarter of Japan's equity market compared to just 5pc at the beginning of the 1990s.
That is according to figures released by Fidelity as it celebrates the 25th anniversary of its Japan fund. The launch came when the region was emerging as an economic power although Japan hit a rocky patch 10 years later. This week Robert Rowland, who has been manager of the £228.51m fund for three years, said he was convinced the economic recovery would continue, leading to further earnings growth and attractive opportunities in the stock market. “Japan’s economy is now well into its fifth year of recovery and there are a number of factors which point towards this continuing, incl...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes