Equity future looking encouraging as tide turns on investor sentiment

It seems the tide of foreign investor sentiment towards Japan may be turning. As recently as April, ...

It seems the tide of foreign investor sentiment towards Japan may be turning. As recently as April, foreign investors were more underweight in Japan (25%) than they had been since May 2003, a point at which history shows marked a turnaround in sentiment, the Nikkei subsequently rallying some 60% in 12 months. Now, only two months on, the most recent Merrill Lynch Global Fund Survey indicates that global investment funds are only 1% underweight Japan. This huge positive swing in such a short period indicates a significant shift in foreign investor sentiment. Having already started to be re...