David Herro, CIO and manager of the Global Concentrated OEIC at Natixis affiliate Harris Associates, has said the only reason he currently holds just one Japanese stock is because companies continue to sit on free cash instead of re-investing in their businesses.
Although the country's treatment of shareholders has been improving over the last few years, the CIO said it was not nearly enough to warrant investing in numerous companies, as many management teams view...
The US dollar is close to peaking and the risks now seem to be on the downside.
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