Societe Generale's Stephen Harker is shifting his Japanese portfolio away from the defensive stocks w...
Societe Generale’s Stephen Harker is shifting his Japanese portfolio away from the defensive stocks with which he has generated top decile returns since 2003. Harker has reshaped a large part of his CoreAlpha fund since the middle of December, dumping five core holdings and trimming five more from his concentrated 40-stock portfolio. Instead, he has been adding to positions in financials and technology stocks as he grows more bullish on the equity market. “Since launch, I have been completely avoiding cyclical and real estate stocks and have no small-cap exposure,” he said. “The cyclical...
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