Despite good absolute performance in the Japan equity market year-to-date, valuations remain attractive both on a cash earnings yield and a price-to-book basis compared to other major markets.
Importantly, we observe that improved trend earnings in Japan are being delivered and not yet being priced by the market, at a time when leverage has fallen materially. Corporate investments have fallen...
Leader of People's Party
Listing two global equities strategies
Aims to encourage competition in industry
Markets went into freefall
Issued 50,000 new shares