Five post-crash bets for the road ahead
25 Aug 15
Industry experts come together and select their best investment calls for the post-crash environment.
Japan
Having easily been the fastest-rising market in 2014, recent events have only served to cement Japan’s place in the hearts of investors.
“Japan is exposed to China, and from a corporate point of view earnings look pretty good,” said Willis. “It is our highest-conviction overweight.
“The corporate landscape is changing, the earnings outlook is good, and it is also cheap. Added to how important investor sentiment is to markets – as seen around the most recent Chinese interest rate cut – Japan looks fairly promising.”
McDermott added: “Japan is one of our favourite markets and is still supported by QE, and I would not be surprised if we saw even more going forward. The most important thing in equities is valuations – all markets are going down, but Japan was one of the better markets at the start of the year and still is.”
Funds owned: (McDermott) Baillie Gifford Japan Trust, Schroder Tokyo, Neptune Japan Opportunities
Tags: Bonds | China | Investment Strategy
