Japanese equities in US dollar terms matched the MSCI World index from the 2012 inception of Abenomics through to last June, but since then have greatly faltered along with 12-month forward index EPS estimates.
The latter, however, has been trending up again in recent weeks. Overseas investors were massive sellers last year and so far this year too, leaving them quite underweight and vulnerable to positive surprises....
Partner Insight: In this environment, a well-resourced credit research team is essential and having traders to keep check on markets is very helpful too, according to Fidelity fixed income managers Sajiv Vaid, Peter Khan and Kris Atkinson
Impact of political turmoil and Brexit
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In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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