Allianz Japan, Kazuyuki Terao

Allianz Japan manager Kazuyuki Terao takes advantage of Japanese domestic recovery by shifting fund's focus towards large caps

Click here to download pdf Despite last week's falls in the Japanese stock market, Kazuyuki Terau, manager of Allianz RCM Japan, believes the economy is in a stable recovery pahse and is moving towards larger stocks Within larger companies, Terao favours stocks in the real estate, financial and retail sectors and avoids telecom names. Run using a team approach, during 2005 the fund's performance was particularly helped by its position in machinery manufacturer Komatsu, while a holding in Ajinomoto proved harmful. The fund has a bias to large-cap stocks, why is this? The Japanese econom...