War Pushes Japan Equity Fund Into Cash, Eyes Re-Entry in Banks

A top-performing Japan equity fund has reduced exposure to cyclical stocks and raised cash levels as uncertainty rises around the Iran war. The manager is delaying re-entry into bank and industrial shares, signaling a more defensive stance toward Japan cyclicals until geopolitical risks ease.

Analysis

A top-performing Japan equity fund has reduced exposure to cyclical stocks and raised cash levels as uncertainty rises around the Iran war. The manager is delaying re-entry into bank and industrial shares, signaling a more defensive stance toward Japan cyclicals until geopolitical risks ease.