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.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers