Skandia has urged investors against panic selling Japanese holdings in the wake of the country's devastating earthquake.
The platform says most private investors will have only a marginal exposure to Japan of between 2%-6% and predicts Japanese equities will recover their recent losses. "Investors should think carefully before they panic sell their Japanese holdings which may only serve to lock in losses," says Skandia Investment Group head of asset allocation Rupert Watson. Furthermore, Watson says a look at the history of natural disasters in Japan suggests the long-term impact on markets will be negligible. "The effects on stock prices of non-economic events such as natural disasters generally do ...
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