AGF global manager favours Far East markets

Japan's growth streak is a pleasant surprise, says Stephen Way.

Diana Cawfield 11 January, 2018 | 6:00PM

When it comes to global equity opportunities in 2018, Stephen Way favours the Far East, especially Japan.

"Certainly, one of the surprises has been Japan, in terms of sustainability and basic economic growth," says Way, a senior vice-president and portfolio manager at AGF Investments Inc. in Toronto. "They just registered their second-quarter GDP of 2.2%." He adds that the country has had the longest sustained positive economic growth in more than a decade.

Way considers Japan to have solid stock-market fundamentals and attractively valued individual stocks. Among AGF's Japanese recent stock holdings are Keyence Corp. (KYCCF), whose products include sensors and measurement systems, and Nippon Telephone & Telegraph Corp. (NTTYY).

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Honeywell International Inc142.45 USD0.76
JPMorgan Chase & Co96.27 USD5.47
Keyence Corp420.25 USD-0.24
Moody's Corporation292.92 USD-0.47
Nippon Telegraph & Telephone Corp ADR23.70 USD1.72
Northrop Grumman Corp292.00 USD2.12

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.

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