Japan stars adopt global approach after earthquake

Market and economy seen as more distinct following the recent disaster

The best fund managers in Japan have long since established a separation between the corporate world and the wider economic outlook. This trend has accelerated in the aftermath of the Japanese earthquake, with many of the top managers ignoring domestic stocks altogether and focusing on globally-exposed companies such as the large exporters. In many cases, managers have taken the market dislocation following the earthquake as an opportunity to buy into these companies at lower valuations. Chris Taylor, manager of Neptune Japan Opportunities, has been solely focused on the global multi-...