Amber Sinha, senior portfolio manager of global equities at CIBC Asset Management Inc. in Toronto, is also upbeat on the Japanese market.
Still, Canadian investors need to keep in mind that the yen is a “wild card” that can impact returns when converted back into dollars, he says. “A lot of the hope for change in corporate governance has started to bake themselves into share prices,” says Mr. Cobb, who co-manages the Steinberg Global Value Equity Fund.
Kirin is a solid predictable business, and “if it were to monetize those stakes, it would be icing on the cake,” he adds.
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