5G Stocks Are Among Rare Winners in Japan's Sluggish Market
- Local 5G fund’s AUM have grown 40% since March to $3.5 billion
- Murata, Lasertec, Advantest seen among Japanese beneficiaries
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Even with an ongoing trade war between the world’s two biggest economies and a weak domestic market, some Japanese investors are saying go long on next-generation technology stocks.
Sumitomo Mitsui Trust Asset Management Co.’s Next Generation Connectivity Fund has seen its total net assets surge more than 40% in five months to 374.6 billion yen ($3.5 billion) as of Aug. 30. The fund, nicknamed “The 5G,” has returned 19% this year, beating 96% of its peers. While it invests primarily in U.S. companies such as Altice USA Inc., Kyoto-based Murata Manufacturing Co. has the 10th-largest weighing at 2.9%.