The ETFs and stocks named by the fund manager have significantly outperformed.
As Japan ese stocks plummet, confirming a bear market, there are opportunities in small-cap and domestic-focused companies, according to fund manager Richard Kaye. Kaye, one of the co-fund managers behind the Growth Japan fund at Comgest, believes the current market turmoil presents a chance to invest in overlooked sectors as foreign investors exit certain positions. The Topix – a market-weighted index of Japan ese stocks — has fallen 24% from its July highs. It fell 3.2% on Thursday, 6.
dollar terms, the losses, while proportionate, are smaller, with ETFs such as the iShares MSCI Japan Small-Cap ETF falling by 2.1% compared to the iShares MSCI Japan ETF, which is down 8.9% over the same period. The WisdomTree Japan SmallCap Dividend Fund has outperformed both iShares ETFs. SCJ EWJ line 2024-07-11 "I particularly emphasize the whole small cap space," said Kaye. "A lot of them are domestic names. They've got great earnings.
Toyota Motor Corp Toyota Motor Corp Sony Group Corp Sony Group Corp Ishares MSCI Japan Small-Cap ETF Ishares MSCI Japan ETF Wisdomtree Japan Smallcap Dividend Fund Kobe Bussan Co Ltd Kobe Bussan Co Ltd Itochu Corp Marubeni Corp Mitsubishi Corp Mitsui & Co Ltd Sumitomo Corp Business News
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