That means future gains may rely on foreigners, who are bullish but notoriously slow to act in size and wary of a market that’s been disappointing for a generation.
The country’s retail investors, who hold about 17 percent of domestic shares, are often net sellers in rising markets, according to strategists, looking to book their profits. “I sold some to lock in profits but kept most of them. I even bought some on the dip,” said Ohara, a Tokyo-based investor in his early 30s who only provided his last name.
The fund has seen inflows of nearly $1 billion in the past two months, according to Refinitiv Lipper data, with $579 million in inflows in April the biggest since November 2020.
Source: News Formal (newsformal.com)
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