FUND managers could awaken the Japanese market from its slumber this year as they begin betting on the country's stocks.
Arnout van Rijn's 900 million euro (S$1.4 billion) Asia-Pacific equity fund is 44 per cent invested in Japanese stocks as at end-June this year. This is more than the 40 per cent weight Japan carries on the fund's large-cap and mid-cap benchmark, the MSCI AC Asia Pacific index.
Mr van Rijn, who is executive vice-president and Asia-Pacific chief investment officer of Dutch fund manager Robeco, cited vastly improved corporate governance as a major factor.
"Asian equities trade below global equities because of a corporate governance discount," Mr van Rijn told The Business...