Janus Henderson Bets on Still-Cheap Japanese Financial Stocks

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Bloomberg Nouvelles

Sumitomo Mitsui Financial Group Inc.,Junichi Inoue,Financial Firms

(Bloomberg) -- Japanese financial firms still look undervalued despite their steady gains in the past year, with rising dividend payments making them a good ...

-- Japanese financial firms still look undervalued despite their steady gains in the past year, with rising dividend payments making them a good investment, according to a Janus Henderson Investors portfolio manager.Investment Bank Moelis Probes Incident After Video of Employee Appearing to Punch WomanNYC Landlord to Sell Office Building at Roughly 67% Discount

“In the past I tended to to own a lot more international companies than domestic ones—obviously the domestic industry in terms of growth was lagging globally as well,” said Inoue, whose fund has beaten 89% of its peers in the past year. “But what has really changed was I get a lot of good stories out of domestic companies, especially financial institutions. So I have a really punchy bet on financials.

Financial firms also have lower valuations than the overall market, with the price-to-book ratio for the Topix banks index trading at 0.82 time while the Topix index’s ratio is trading at 1.46 times.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités