View more on these topics

Fidelity’s Greetham may add to Japan weighting

FW TrevorGreetham
Greetham: ’Pick-up in activity’

Fidelity head of asset allocation Trevor Greetham is considering adding to his weighting in Japan across his three multi-asset funds.

Greetham oversees 120 funds at Fidelity and manages the £572m multi-asset strategic, £360m multi-asset growth and £29m multi-asset defensive funds.
His position is currently underweight Japan and overweight in the US.

Greetham says: “In the third quarter, we are probably going to see an improvement of activity in Japan. If we see a short-term pick-up in activity, then the recovery could have more legs than the pick-up in America. By the end of the year, it may be that the Japanese economy is the only one accelerating.”

Greetham says he moved to an underweight position in Japan after the March earthquake and tsunami.

He says: “We thought there would be an American-style stimulus coming from the Bank of Japan but there was not and so we moved to an underweight position.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com