Nikko Asset Management’s Global Investment Committee has lifted its view on global equities to overweight and is bullish on the U.S. dollar in its latest house view, due to stronger prospects for the global economy with the election of Donald Trump as U.S. President and expectations of a hawkish monetary policy by the U.S. Federal Reserve.
Nikko Asset Management New Zealand has been recognised for outstanding investment performance at the 2016 FundSource Awards, winning Fixed Interest Manager of the Year at the event held in Auckland last week.
Nikko Asset Management's Global Investment Committee is positive on Japanese and developed Asia-Pacific equities over the next six months, but maintains a slightly underweight stance on global equities amid continued sluggish global growth.
Despite the UK’s decision to leave the European Union, the Global Investment Committee has noted that it does not think economies or risk markets will crash, but added that it is hard to be enthusiastic about the prospects for the post-BREXIT world over the next few quarters.