Bank of America’s high-net-worth clients are making big bets on Japan.
The bank said its private clients, who together have about $3.1 trillion in assets under management, have been predominantly buying Japanese stocks over the past four weeks.
They’re not alone. Relatively cheap valuations, improving economic growth and an increased focus on corporate governance have drawn many foreign investors into Japanese stocks this year, lifting the Nikkei 225 to multidecade highs.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-09-2023/card/wealthy-investors-are-piling-into-japanese-stocks-kBDpjvofWwJ1joom17In?siteid=yhoof2&yptr=yahoo