Portfolio Manager: Japanese Investors and Risk Factor

portfolio manager: Emmanuel Macron's victory in Sunday's presidential election has removed the major political risk factor and yields are attractive, they say, according to The Japan Times. With the key risk factor in Europe out of the way, it will be easier for investors like ourselves to consider overweighting France, said Eiichiro Miura, chief portfolio manager at Nissay in Tokyo. Having sold French sovereign debt for the fifth month in a row in March, Japanese investors may start to rekindle their interest, according to fund managers interviewed by Bloomberg including Nissay Asset Management and Amundi Asset Management. Life insurers and pension funds could start directing more money into European bond and credit markets, he said. Japanese investors sold a net 942.8 billion 8.3 billion of French sovereign bonds in March, after dumping a record amount in February. The firm, with 80 billion under management, is a unit of life insurer Nippon Life Insurance. (news.financializer.com). As reported in the news.