Harris Associates' CIO: Why I only hold one Japanese company and am avoiding EMs

Governance improving but too slowly

Tom Eckett
clock • 2 min read

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.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Trustpilot