Stock investor with 1,900% gain breaks long silence in Japan indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) For almost three decades, Stephen Butt’s company mostly stayed behind the scenes, a long-term investor in the tradition of Warren Buffett that saw little reason to draw attention to itself.Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryUS Core Inflation Tops For
Stock Investor With 1,900% Gain Breaks Long Silence in Japan bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Investment Japan
Ever since Japan’s Financial Services Agency (FSA) released “Progress Report on Enhancing the Asset Management Business 2020” last June, a hot topic in the country has been the use of subadvisors to enhance asset management capability. Many of the world’s leading assets managers have served as subadvisors in Japan’s
toshin market, but it is only with the recent success of foreign equity funds that their role has drawn significant attention. (
T
toshi-shintaku, or investment trust akin to mutual funds and closed-end funds in the U.S.)
Shoko Shinoda, Fund Analyst of Rakuten Securities Inc. says, “There has been an excessive focus on cost in the last few years, and subadvisors have been regarded as a contributor to increased costs. With the recent strength of the stock market, however, investors have realized that performance outweighs cost. Funds that have performed well, such as Baillie Gifford and ARK, have attracted attention and, as a result, the