The Tokyo-based Nikko Assess Management company is trying its luck on Asia-Pacific, while there’s a vague status in equity markets prior to the imminent presidential election in the United States.
John Vail, a strategist at Nikko said the risk positions in Asia-Pacific are gratifying. He also expected a better performance in Asia-Pacific in the months to come.
He expressed that there is no fear for permanent investors who have no choice but to put positions in Asia-Pacific.
Nikko is now focusing on developed markets in Hong Kong, Australia and Japan. Affirming that China's restoration can be beneficial to Hong Kong and Australia, he said the growth in tourism and vaccines will rescue the economy in these countries.
Japan is different as its technology and motor cycles are expanding. He said Japan, which is experiencing an uphill flow, involves stunning valuations.