GLOBAL - Govett Investments is warning fund managers not to write-off Japanese investments just yet.
It says there is positive investment news coming out of the “doom and gloom” of the Japanese economy.
AIB Govett Asia fund manager Kerry Goh said: “There is some good news from Japan. On the macro front, there has been positive news about Japan’s path to recovery. Japanese exports to Asia also continue to be strong.”
Goh added that the hotly debated banking sector is a victim of poor expectations and has been under-owned and largely ignored. As a result, she added, Govett’s Japanese Opportunities Fund has been showing “promising” returns.
But Goh admitted that any recovery will be a bumpy one.
*The Japanese government has been forced to admit that its assurances that the economy had “bottomed out” were unfounded, as shares dropped to a 19-year low.
Officials said corporate investors had dumped their holdings to dress up books ahead of the end of the fiscal first half on September 30.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.