The Japanese stock market is booming in 2023, up 21% for the year to date, outperforming all other major developed market indices.(1) Global investors have net-bought ¥7.2 trillion (US$50 billion) this year in a major reversal of recent trends.(2) So, what has changed, and more importantly for investors, is this.
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Renaissance of the value fundies
Value fund managers who stuck to their investment process during the tough years leading into the COVID-19 pandemic have been vindicated with the release of strong March quarter performance figures.
Apr 13, 2021 – 12.00am
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The value fund managers who found themselves out of favour a year ago because of poor performance have shot back into prominence after a strong six months to the end of March.
The latest performance numbers, prepared exclusively for Chanticleer by Morningstar, show that the great rotation into value stocks has helped leading value fundies – Allan Gray, Lazard, Maple-Brown Abbott and Perpetual – deliver outstanding returns over the past year.