Janus Henderson Bets on Still-Cheap Japanese Financial Stocks
- One of its Japan stock funds has beaten 89% of peers this year
- Overweight on the financials sector with weighting of 18.05%
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Japanese financial firms still look undervalued despite their steady gains in the past year, with rising dividend payments making them a good investment, according to a Janus Henderson Investors portfolio manager.
Junichi Inoue, who manages the £43.07 million ($54.8 million) Janus Henderson Japan Opportunities Fund, said he’s gradually shifted from global companies to Japanese financial firms, in which he’s increased holdings to about 18.05% of the total. Inoue is investing in companies such as Sumitomo Mitsui Financial Group Inc. and Tokio Marine Holdings Inc. His fund has returned 15% this year, surpassing the MSCI Japan Index’s 8.7% advance in UK pound terms, Bloomberg-compiled data show.