Coombs buys Japan ahead of 'strong rebound'

clock

Rathbones' David Coombs is adding Japanese stocks to his portfolio in the view its economy will rebound quickly from the aftermath of last week's devastating earthquake and tsunami.

Coombs, head of multi-manager investments at Rathbone Unit Trust Management, says the earthquake has not changed his perception of Japanese stocks: "What has happened has not altered my view - if anything it has made valuations more attractive." "The Japanese are incredibly resilient to these types of events. They are used to it and will recover more quickly than the US did after Hurricane Katrina, for example. The infrastructure rebuild will not only replace what was there, but enhance it. Overall that will have a positive effect on GDP," says Coombs. He holds Stephen Harker's GLG Ja...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

RLAM implements Sustainability Focus label across £11bn portfolio range

RLAM implements Sustainability Focus label across £11bn portfolio range

Across a mix of funds and trusts

Cristian Angeloni
clock 23 April 2025 • 1 min read
Advisers notice growing client demand for bespoke investments

Advisers notice growing client demand for bespoke investments

Want access to ETFs, investment trusts, equities, bonds and AIM shares

Isabel Baxter
clock 17 April 2025 • 2 min read
FCA outlines final CCI ruling timeline as it brings out second consultation

FCA outlines final CCI ruling timeline as it brings out second consultation

'Detailed engagement' to continue

Eve Maddock-Jones
clock 16 April 2025 • 3 min read