Fund Manager Bets on Small Caps to Ride Delayed Japan Reopening
- CC Japan owns online retailer Zozo, recruiters dip, en Japan
- Demographic changes ‘present significant opportunities’: Aston
Japan relaxed entry for foreign tourists just last October, ending almost three years of tight border controls.
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
Smaller stocks are the best way to capitalize on Japan’s continued post-Covid economic recovery, according to a fund manager that beat 88% of his peers last year.
“Japan, with a slightly delayed ending to pandemic restrictions, is well positioned this year to grow,” Richard Aston, portfolio manager at Coupland Cardiff’s CC Japan Income & Growth Trust Plc, said in an interview. “That domestic focus has led us to mid-small caps,” which generally offer better local exposure than larger stocks.