Investors should reconsider the Japanese market as a viable location for their savings, equity fund managers say.
The past few years have not been particularly kind to managers of Japanese equity funds, but research conducted by Standard and Poors (S&P) suggests times have changed.
S&P interviewed representatives of 29 Japanese equity funds, including those run by GLG, IFDC, Invesco, Orbid and Goldman Sachs, and the prevailing view was that the Japanese market is due a reassessment.
"The overwhelming majority of these managers felt very positive about the Japanese market," confirmed Guy Boden, S&P Fund Services lead analyst.
"They believe that Japan has gone through its banking crisis while the US and European banks need to further recapitalise."
The news comes soon after JP Morgan recommended South Africa as an attractive investment location.
Richard Titherington, manager of the JPMorgan Global Emerging Markets Income Trust, believes investors will benefit from gaining exposure to the South African middle classes.




