Schroder Tokyo fund manager Andrew Rose has said it is time to be contrarian when investing in the Japanese market, following the global equity sell-offs in August and September.
The manager of the £2.1bn fund has been trimming some of his positions in "steady earners" and buying cyclical stocks that sold off over the past couple of months. "Anything cyclical has had a hard time recently, but perhaps these stocks have been oversold," Rose (pictured) said. "Now is the time to be contrarian and buy into them. "We have been buying some of these slowly on bad days. We have been adding to existing holdings and are also considering new names, while trimming down some steady earners that have done well." Read our fund manager focus with Andrew Rose He named mach...
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