BMO GAM's multi-manager team backs 'insanely cheap' Japan as Abe's reforms continue to take shape

Maintaining overweight position to the region

clock • 3 min read

BMO Global Asset Management's multi-manager team has said there is a lot to play for in Japan as the reforms set in motion by Prime Minister Shinzo Abe continue to take shape, but patience is needed.

The Japanese authorities have announced plans to streamline the Tokyo Stock Exchange, reducing the number of listed companies trading on its first section (TSE-1) by as much as two-thirds, while becoming more "shareholder-friendly" and ultimately more efficient, according to investment manager Kelly Prior. BMO GAM hires global head of alternatives for new offering She explained how the number of US-listed companies has shrunk over time, while the number of companies listed on the TSE-1 has increased significantly. In 2000, there were 1,447 companies on the TSE-1, compared with 2,12...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Multi-asset

Multi-asset teams sentiment indicator: Japanese equities most favoured in Q4

Multi-asset teams sentiment indicator: Japanese equities most favoured in Q4

Scopic Research monitors the sentiment of multi-asset teams towards different growth, defensive, and diversifying assets on a quarterly basis. The sentiments are based on a 12-month view. Investment Week has joined with Scopic to share the results on...

Paul Ilott
clock 07 December 2023 • 5 min read
Partner Insight: How interest rate moves drive bond returns

Partner Insight: How interest rate moves drive bond returns

Markets might have got their interest rate outlook wrong, but the case for holding global bonds as part of a multi-asset portfolio remains as strong as ever

Partner Insight: Staying the course - combining strategic and dynamic asset allocation to deliver better outcomes for your clients

Partner Insight: Staying the course - combining strategic and dynamic asset allocation to deliver better outcomes for your clients

Tara Jameson, Co-Manager of the Schroder Global Multi-Asset Portfolios
clock 03 November 2023 • 8 min read
Trustpilot