Fidelity’s Japan Fund Bets on Nation’s 5G Stocks for 2020
- Nikkei 225 could advance to 25,000 next year, Maruyama says
- Fund seeks 5G-related shares that have yet to price in demand
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Fidelity International’s biggest equity fund in Japan is betting technology companies will help boost the nation’s stock market in 2020.
The asset manager’s Japan Growth Fund is up 29% this year, beating almost all of its peers, according to Bloomberg data. The fund has managed to stay ahead of the annual gains of Japan’s equity benchmarks most of the year.