Japanese Accelerated Perf Fund Share Discussion Threads

[briarberry] 04/8/2010 13:42

Japan 10-Year Yield Falls Below 1 Percent for First Time Since August 2003
By Yoshiaki Nohara

Japan's government bonds rose, pushing 10-year yields below 1 percent for the first time since August 2003, as the yen's advance to an eight-month high against the dollar damped the outlook for exporters' earnings.

[briarberry] 02/8/2010 00:52

Yen May Strengthen as Regulations Force Mrs. Watanabe to Curb Carry Trades
By Yasuhiko Seki and Hiroko Komiya -

The yen may climb next month as tighter regulations force Japanese households controlling about $76 billion in daily exchange trading to unwind bets on higher- yielding currencies, analysts said.

The government will cap debt used to boost trading bets, or leverage, at 50 times committed cash from August 2010, down to 25 times in 2011, the Financial Services Agency decided last year. Individual traders have started to prepare for the change, according to Japan's biggest online currency broker which saw accounts with 100 times or more leverage fall by half last month.

"If margin traders decide to discontinue highly leveraged transactions, it will put upward pressure on the yen as those positions are unwound," said Yuji Kameoka, senior economist in Tokyo at Daiwa Institute of Research Ltd., a unit of Japan's second-biggest brokerage. "The Australian dollar, a favorite among margin traders, may feel the pinch in particular."

...
Global risk aversion in the wake of Europe's debt crisis has spurred an 10 percent surge in the yen in 2010, according to Bloomberg Correlation-Weighted Currency Indexes, the most among 10 currencies tracked.

[wcrg999] 14/7/2010 16:56

"I've been following this company for the last couple months. I like it, but this website only gives me a delayed quote - so far, the only way to get a free real time stock quote that I've found is at www.vantagewire.com GLTA"

[shyger999] 28/6/2010 12:14

"I have been looking for my next investment in the mineral resource sector and do most of my due diligence on www.vantagewire.com because they give free real-time quotes but I cant make up my mind on whether or not I should just stick to gold (play it safe) or potentially diversify...thoughts? "

[funrock] 18/6/2010 16:29

"markets are crazy today, I am liking gold in 2010... does anyone know where I can get a good spot price?... I have been using www.vantagewire.com for their free real-time stock quotes, but commodities are delayed"

[energyi] 30/5/2010 08:00

(old prices- Feb.2009)
JP## : Property Company========= : Price : - Low - High -: P/E - : Volume
8801 : Mitsui Fudosan Co (Tokyo) : 1,297 : 0,986 - 2,825 : 13.05 : 9,196K
8802 : Mitsubishi Estate (Tokyo) : 1,241 : 0.988 - 3,160 : 19.70 : 11,324K
8803 : Heiwa Real Estate (Tokyo) : 0,223 : 0,180 - 0,640 : 08.72 : 0,607K
8804 : Tokyo Tatemone (Tokyo)... : 0,306 : 0,224 - 0,960 : 04.44 : 6,215K
8806 : Daibiru Corp (Osaka)..... : 0,824 : 0,534 - 1,282 : 22.51 : 0,182K
8809*: Sankei Building (Tokyo).. : 0,443 : 0,288 - 1,017 : 12.18 : 0,129K
8815*: Tokyu Land (Tokyo)....... : 0,296 : 0,190 - 0.904 : 05.48 : 5,883K
8830 : Sumitomo Rlty&Dev (Tokyo) : 1,099 : 0,962 - 2,875 : 08.26 : 7,236K
8834 : Towa Real Estate (Tokyo). : 0,053 : 0,044 - 0,165 : 01.48 : 3,724K
8838 : Yuraka Real Estate (Tok.) : 0,103 : 0,083 - 0,525 : 01.27 : 0,045K
8840 : Daikyo Inc (Tokyo)....... : 0,063 : 0,054 - 0,283 : 01.35 : 1,509

(new prices- May.2010)
JP## : Property Company========= : Price : - Low - High -: P/E - Yield: Volume
8801 : Mitsui Fudosan Co (Tokyo) : 1,390 : 1,358 - 1,865 : 22.31 +1.58% : 5.8mn
8802 : Mitsubishi Estate (Tokyo) : 1,408 : 1,239 - 1,738 : 168.6 +0.85% : 10.1m
8803 : Heiwa Real Estate (Tokyo) : 0,234 : 0,230 - 0,354 : -n/a- +0.85% : 1.3mn
8804 : Tokyo Tatemone (Tokyo)... : 0,338 : 0,266 - 0,622 : 22.85 +2.96% : 7.2mn
8806 : Daibiru Corp (Osaka)..... : 0,735 : 0,613 - 0,937 : 19.09 +0.75% : 0.1mn
8809*: Sankei Building (Tokyo).. : 0,555 : 0,552 - 0,567 : 75.78 +0.90% : 89.1k
8815*: Tokyu Land (Tokyo)....... : 0,335 : 0,274 - 0,489 : 46.69 +3.40% : 7.4mn
8830 : Sumitomo Rlty&Dev (Tokyo) : 1,634 : 1,366 - 2,165 : 15.88 +0.61% : 4.4mn
8834 : Towa Real Estate (Tokyo). : No quote
8838 : Yuraka Real Estate (Tok.) : 0,375 : 0,131 - 0,383 : -n/a- +0.80% : 549k
8840 : Daikyo Inc (Tokyo)....... : 0,179 : 0,117 - 0,299 : 11.95 +0.00% : 8.2mn

[briarberry] 24/3/2010 19:33

Japanese bailout/stimulus bubble still growing...


Japan Passes $1 Trillion Budget to Boost Economy
By HIROKO TABUCHI

TOKYO - The Japanese government pushed a record ¥92.3 trillion budget through Parliament Wednesday aimed at stimulating growth in the long-stagnant economy - another round of spending that will add to Tokyo's already burgeoning public debt.

...
The record budget, worth $1 trillion, for the fiscal year starting in April will pay for Prime Minister Yukio Hatoyama's ambitious stimulus agenda, including cash handouts to households with young children, free tuition at public high schools and income support for farmers.

[briarberry] 24/3/2010 12:21

March 24 (Bloomberg) -- Japan's exports climbed at the fastest pace in 30 years in February as global trade recovered from the worst postwar recession, increasing prospects for a sustained economic rebound in the nation.

Shipments abroad increased 45.3 percent from a year earlier, helping the trade surplus expand the most since 1982, the Finance Ministry said today in Tokyo. At 5.1 trillion yen ($57 billion), the value of exports remains about a third lower than the March 2008 peak of 7.7 trillion yen.

.
The surge was partly due to a favorable year-on-year comparison. In February 2009, shipments abroad tumbled a record 49.4 percent as global trade froze following the collapse of Lehman Brothers Holdings Inc. five months earlier. Exports fell a seasonally adjusted 1.7 percent from January.

[knowing] 22/3/2010 16:21

David Jane, manager of the £214 million M&G Cautious Multi Asset fund, has been switching money out of China and Brazil into Japan because he believes this country now offers terrific opportunities for investors.

"The corporate sector and political environment are improving," he says. "There have also been changes in Japan's economy, and the prospects for [its] exporters are better in an improving world economy."

Japan occupies one of the most prominent positions in the three-year-old portfolio, which seeks to maximise total return by investing in a diversified range of assets.

"It's not very correlated with other global markets, which means I can reduce risk in the portfolio while getting some positive exposure to a world economy that's recovering," Jane adds. "It is a great story - and that's what the markets buy."

The fund, which aims to deliver steady, competitive returns by backing the best asset classes and investment themes it can find, has exposure to traditional equities, bonds and property, as well as areas such as collateralised debt obligations.

And as diversification is fundamental to the process in order to avoid taking excessive amounts of risk, it's designed to participate in rising markets and preserve capital when times are hard.

The investment process starts with an analysis of the macroeconomic environment to determine investment themes. Subsequent exposure to the various asset classes will be via direct holdings or collective investment schemes.

Part of Jane's investment philosophy involves looking for the pieces of information that will pull his assumptions apart, rather than simply trying to back up existing prejudices. "It's easy to prove stocks will go up by finding all the bullish stories about a company, but you should instead seek ways of proving yourself wrong," he says. "If you're unable to do so, then the idea will probably work."

He believes a successful multi-asset fund manager should understand where the risks are and construct a portfolio that deals with them yet still provides returns. At present, Jane sees the principle risks as being the effects of quantitative easing, inflation and deflation, and currencies.

In such an environment, he wants exposure to the economic recovery but is rather less enthusiastic about government bonds: "You can argue about the scale and pace of it but economies around the world are all recovering, so I own a fair amount of equities. But I've tipped the balance away from emerging markets as valuations are no longer adding up."

Jane believes the fund's flexibility to allocate capital between asset classes in such an unconstrained way, as well as its ability to respond decisively to changing financial conditions and asset valuations, are its key selling points.
"Well-run multi-asset funds will dominate the retail sector in the years to come," he predicts.

[hectorp] 21/3/2010 10:58

Japan- RSI very high... we maybe need a pullbck there.

[santay999] 17/3/2010 13:09

"I've been following this company for the last couple months. I like it, but this website only gives me a delayed quote - so far, the only way to get a free real time stock quote that I've found is at www.vantagewire.com GLTA"

[grt999] 08/3/2010 11:37

"I have been looking for my next investment in the mineral resource sector and do most of my due diligence on www.vantagewire.com because they give free real-time quotes but I cant make up my mind on whether or not I should just stick to gold (play it safe) or potentially diversify...thoughts? "