Experts from Cornelian Asset Managers, JPM Fusion, Daniel Stewart & Company, Financial Express, Liontrust Asset Management, ClearBridge Investments, Aviva Investors, Investec, Amundi, Squircle Capital and Union Bancaire Privée consider which equity market currently offers the best value.
Jonathan Horsfield, associate director, investments, Cornelian Asset Managers Japan The Nikkei 225 index is trading on a price-to-current-year book value multiple of 1.3x, while its developed market cousins, the FTSE All Share index and the S&P 500 index, trade on multiples of 1.7x and 2.6x respectively. One reason for this is Japanese firms in aggregate generate a relatively low return on equity. But is this set to change? As well as attempting to stimulate wage growth and domestic demand through quantitative easing, Prime Minister Abe is also determined to improve Japanese cor...
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