Managers Say Japanese Sell-Off Is Overdone
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A large group of successful fund managers says the sharp decline in Japanese equities over the past week is overdone.
In short, these managers say investors are confusing the tragic human cost of the disaster with the true long-term economic cost to Japanese companies. While short-term volatility is likely, the tragedy and global stock market sell-off off in recent days won't affect the long-term value of global equities, the managers say.
Ryan Leggio does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.