Japanese financials look enticing, says Guy de Blonay

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New Star financials whiz Guy de Blonay believes Japan presents a golden opportunity to investors. ...

New Star financials whiz Guy de Blonay believes Japan presents a golden opportunity to investors. The manager of New Star Global Financials said after many years of underperformance, the threat of deflation is now over. “The country’s financial companies are well positioned to benefit from Asian economic buoyancy,” he said. “And they have limited exposure to losses from US sub-prime structured products. He said domestic loan demand is increasing and banks are also focusing their attention on expanding overseas with the aim of tapping into Asian growth. “Equity valuations, interest ...

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