Lates News

According to a survey by Bank of America Securities, this month Asian fund managers have reached a historical high in their over-allocation to Japanese stocks, with market optimism towards the Japanese economy and expectations of more corporate governance reforms. Bank of America Securities strategists Ritesh Samadhiya and Masashi Akutsu stated in a report that in their September survey of Asian fund managers, 61% of respondents increased their holdings in Japanese stocks, the highest net percentage since the market was included in the study in October 2023. They wrote, "The survey gave 'overwhelmingly positive ratings' to Japan's growth prospects (including the economy and profits)." The banking and semiconductor industries are the most favored sectors by investors, and value stocks and mid-cap stocks are also popular.