Japan's stock market rally will continue in the second half, but with a key shift, BlackRock says

📆 7/10/2024 7:43 AM
📰 CNBC

⏱ Reading Time:
17 sec. here
6 min. at publisher
📊 Quality Score:
News: 24%
Publisher: 72%

Investment Strategy News

Markets,Ishares MSCI Japan ETF,Ishares Currency Hedged MSCI Japan ETF

The BlackRock Investment Institute sees Japanese stocks as one of the best bets in the second half of 2024.

The rally for Japanese stocks is set to continue in the second half of the year, but the best way for American investors to participate in it could change, according to the BlackRock Investment Institute. The firm said in its midyear outlook that being overweight on Japanese stocks is one of its highest conviction calls. Wei Li, the global chief investment strategist at the institute, said at a media event Tuesday that the firm thinks Japanese stocks can grow earnings faster than the 7.

mountain Currency-hedged Japanese funds like the HEWJ are outperforming their unhedged counterparts in 2024. Li said the currency impact has been "really inconvenient" for many investors but that there are reasons to believe the yen will stabilize in the upcoming year, especially with national elections looming in 2025.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nomura survey finds over half of Japan’s investment managers plan to invest in cryptoThe survey showed that 54% of the respondents in Japan were interested in investing in crypto over the next three years.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Tech boom: BlackRock doubles down on AI and U.S. tech companiesTech boom: BlackRock doubles down on AI and U.S. tech companies
Source: Investingcom - 🏆 450. / 53 Read more »