Japanese equities have had a tough start to 2014 as investors worry that its government will fail to make good on its pledge to kickstart growth in the world’s third largest economy.
Baille Gifford’s Japan specialist Andy Brown discusses the impact of Abe’s reforms and isn’t deterred by the current negative investor sentiment.
Fidelity veteran Anthony Bolton retired from fund management last week, leaving investors with his parting views on China.
Chinese stockmarkets have jumped sharply after a deal to link the Shanghai and Hong Kong bourse overcame a surprise drop in trade figures.
UK and European stockmarkets advanced at the start of Wednesday’s session, although investors continue to worry that some equities are starting to look overvalued and fret about the impact on monetary policy.
Economists do not expect further stimulus from Japan’s central bank.
The World Bank has trimmed its outlook for economic growth in China after the country suffered a “bumpy start to the year”.
Baillie Gifford Japanese equity manager Matthew Brett discusses the positive impact of Japan’s monetary stimulus for Japanese corporates.
Stockmarkets in Asia have jumped after the Chinese government moved to ease the slowdown playing out in the world’s second largest economy.
Standard Life Investments has created currency-hedged share classes for the Japanese Equity Growth Oeic.
Consumption tax in Japan will rise from 5 per cent to 8 per cent, ahead of a further increase to 10 per cent in October 2015.
Schroder Japan Growth and Montanaro European Smaller Companies reduce AMCs with Montenaro trust axing its performance fee.
Investors fled Asia and North America during February according to the latest fund flow data from the IMA.
The co-manager of the Baillie Gifford Japanese fund says external macro events are still causing investors to step back from Japan.
The trust’s portfolio manager Martin Lau is due to step down as Wee Li Hee prepares to take on a new management role following maternity leave.
Following the announcement in yesterday’s budget that the Isa limit will be increased to £15,000 in 2015, Schroders head of multi-manager Marcus Brookes tips five ideas for this year.
Newton changes lead managers on two funds after strategic review.
Several economic indicators released today have shown signs of a further slowdown in the Chinese economy.
Western Asset Management is preparing Chia-Liang Lian to take over its emerging market debt team as current head Keith Gardner approaches retirement.
The central bank will look to reduce the level of cash that banks are able to hold as reserves if growth drops below 7.5 per cent, Reuters reports.
The central bank also notes a more positive pick up in business fixed investment and public investment.
Japan’s current account deficit hit 1.5tn yean (£8.7bn) during the month of January.
Ignis Japan Tracker fund will also close due to small size.
Investors are starting to express concern over the slow pace of progress in Japan’s structural reforms, leaving fund managers split over the opportunities in the world’s third largest economy.
Vester will take responsibility for enhancing and coordinating the boutique asset manager’s investment process and stock selection criteria.
The Chinese government’s previous target of 7.5 per cent for 2013 was beaten after growth reached 7.7 per cent last year.
New large cap fund will incorporate a blend of dividend growth and dividend yield.
Morningstar OBSR has maintained its gold rating on the £5.8bn First State Asia Pacific Leaders following a recent change in the portfolio’s management.
The central bank has also opted to maintain current levels of quantitative easing.
Fund investors continued to channel money towards European and Japanese equity funds last week, while outflows from emerging markets showed signs of easing.
The Japanese economy grew at a slower pace than the 2.8 per cent originally estimated by markets.
The Japan fund will be merged with the Martin Currie Japan Alpha fund.
Management handed over to Angus Tulloch and Richard Jones.
Portfolio will focus on developed markets and lower risk strategies and is planned for launch in this quarter.
Fund managers are sticking by Japan despite a weak start to 2014 and the market correction at the start of February.
Japanese equities are on track and on time, unlike London trains, Psigma chief investment officer Tom Becket says.
Private investor confidence in the UK stockmarket and gold jumped at the start of February, according to the Lloyds Bank Private Banking Investor Sentiment Index.
Hermes Fund Managers head of EM Gary Greenberg is mulling going overweight in the country.
Slowing in the Chinese economy be felt by commodity-centred sectors but will eventually affect the overall economy.
Fund is no longer economically viable to manage.