Japanese asset managers are increasing efforts to promote domestic equities abroad as investors move away from Chinese stocks due to trade tensions and economic challenges, Nikkei Asia Review reported Wednesday.
Sumitomo Mitsui Trust Asset Management (TYO:8309) will open its first Asian office outside Japan in Singapore to market Japan equity funds, the report said.
Meanwhile, First Sentier Investors and Asset Management One are expanding their offerings in Europe, Australia, and the US, responding to growing demand for Japanese equities, according to the report.
Japanese stocks are gaining appeal as alternatives to Chinese assets, boosted by strong earnings and Tokyo Stock Exchange reforms, the report said.
"Demand is especially strong from Middle Eastern investors," a Japanese asset manager reportedly said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。