WEST PALM BEACH, FL (HEDGECO.NET) – A new report compiled by Daiwa Securities said hedge fund investors pumped $84 billion into the Japanese markets since the end of 2003 to June 2004. This riserepresents an increase of 17% according to the data from Daiwa Securities America Inc. The new assets according to the report are largely of stocks and bonds as well as other derivatives. The surveywas compiled from a total database of 5600 hedge funds from all over the world.
The Daiwa report also said that the European and American asset managers have been increasing their investment allocations to Japanese equities. There is also the issue that a growing number of new hedge fund products are being introduced into the Japanese market. The new funds are being established by Japanese financial institutions according to the report. Many of the new hedge funds are focusing on Japanese stocks as well.
International hedge funds alone have channeled $48 billion of investments into Japanese securities in different markets the new report stated. Investments by hedge fund companies represent more than fifty percent of the total; however, the report noted that, such level of investment was slightly lower that the recorded level six months earlier. The Daiwa report also noted that investments focusing on Japanese securities represent a total of $28 billion, accounting for an increase of forty percent.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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