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Oppenheimer's chief investment strategist explains why they're overweight US equities in the current market, and reveals the four sectors they favor. ....
Japan s technology stocks are bought as the Nasdaq s gain and the fall in U.S. interest rates lifted investor sentiment, said Jun Morita, general manager of the research department at Chibagin Asset Management. But the market was weighed down by uncertainties. It s hard for investors to decide to sell or buy when the Nikkei hovers around the 29,000-level as they are not necessarily optimistic about the Japanese market outlook. Some market participants doubt Japan s economy will recover as quickly as that of the United States and other advanced nations, as the country grapples with a fourth wave of the pandemic. ....
Read more about Rs 4.1 trillion fund manager is betting big on cyclical stocks in India on Business Standard. The ICICI Prudential Opportunities Fund directly managed by Sankaran Naren has returned 36% year-to-date, beating 96% of its peers. ....