Just 24 hours after the Federal Reserve ended QE in the US, the Bank of Japan surprised global markets last Friday by extending its own stimulus programme. We look at ten global equity funds which may benefit.
The Bank of Japan's 31 October decision to increase its quantitative easing programme to 80 trillion yen a year - up from a previous target of 60-70 trillion - caught many unawares, not least Japanese equity investors. The Nikkei 225 rallied 4.5% on Friday and has continued to rise sharply this week, now standing more than 8% higher. With the yen having sold off again as a result of the looser monetary policy measures, UK investors may have to factor in the yen's concurrent 4% fall against sterling - though many funds hedge their exposure to Japan for this reason. Looking ahead, ho...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
