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09

A $210 Billion Rally Woos Top Fund as Nikkei Flirts With 20,000

By Tony Seruga

AMP’s Naeimi moves funds to Japan stocks from emerging markets
Nikkei 225 surged 8.2% from mid-April as global concerns ease

Nader Naeimi can’t ignore it any longer after Japanese stocks added more than $210 billion in value in less than a month, sending the Nikkei 225 Stock Average within touching distance of 20,000.

The head of a dynamic investment fund at AMP Capital Investors Ltd. has been pulling money from emerging markets to invest more in Tokyo shares. His logic is simple: the market is undervalued after lagging behind peers for much of 2017, the yen is set to fall, and the concerns that held the Nikkei 225 back earlier this year have receded…

A $210 Billion Rally Woos Top Fund as Nikkei Flirts With 20,000

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