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Italian fund selectors speak out on Japan

Milan-based fund selectors had surprisingly strong views on Japanese equities when our researcher came over to visit them this spring.


PA Europe

More than a quarter of interviewees said they are going to increase their exposure to Japanese stocks, making the country the most Japan-loving one in Europe and one of only two where sentiment is not net negative. While one fund selector acknowledged Japan’s success is completely dependent on the course of its monetary policy, several others voiced their belief in the country’s commitment to change.


Restraint remains

Still, like in all but one countries, ‘hold’ is the dominant choice of fund selectors in Italy, reflecting worries about Japan’s to get things around and about the strength of Japan’s currency. One fund selector also voiced his worries about expected volatility on the Japanese equity market.