UK market defensive due to lower tech exposure

The Japanese and UK markets are being favoured relative to other regions on the back of good valuations and perceived recovery, according to James Robinson, manager of Witan Investment Trust. Witan is overweight Japan as Robinson feels the market is coming back to good value. He says that last year everyone was too enthusiastic about Japan and now everyone is too pessimistic. He points out that this year Japan was hit by foreigners selling. He expects reasonable growth in Japan over the next 12 months, which he believes, will be a more sensible, less extreme year. Ian Barby, managing di...