By Jonathan McClure is a senior fund manager at Royal London Asset Management Investment is a ca...
By Jonathan McClure is a senior fund manager at Royal London Asset Management Investment is a capricious business. Japan became the unlikely hero of the hour as, against expectations, the yen strengthened as the corporate picture in the US imploded and Japanese shares outperformed global markets handsomely. But domestic equities have generally performed only in relative terms and, in reality, against a lukewarm domestic backdrop. Economic recovery has been dependent on a first quarter pick-up in exports and manufacturing data, but recently the global scene has slowed, led by t...
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