Feb. 27 - Nomura's Hideyuki Aoki has been shifting assets out of Europe and into the U.S., and says the new Japanese administration could be good for stocks in that country.
Financials big oil and pharmaceuticals. Are among the top sector holdings in -- -- global Equity Income Fund. That fund is managed by Heidi UPI Hokies who is also head of equity investments for non Euro partner funds good to see you here. Think inviting me. Ask you first of a broad question about what's happening with US markets do you think stocks in the US have gotten ahead of themselves at all this year well. Let's just commenting. To market. Looks like you -- it I mean and giving us some -- oh -- -- indicated like fund flows in it goodies -- -- because he'd be terrific and he the past couple months. Whole. You know US small cap stocks actually although quote. I gain says last gas tax is about it's market volatility index Dixie you know definitive by bigs actually get re holding at. -- much you also. Those things tend to be indicating market needs to be -- -- trees. But four -- -- that time. But there had done this doesn't hearing and into action it need to be made you know they eat Italian politician Jason -- flew 88. Did and -- -- possibility was out of Italy let me ask you -- some euros or holdings. You change that this year and you add or less in your holdings in the year so bloodshed in doing. Awful last. Couple months actually you know ousted. On the ECB came out with its you know bold statement to support the Euro wives on ultimate approach -- programs. Did I mention goes on Europeans that have gone gone up blocking values I'm in prizes. Which makes you know discount W against nazism is Agassi yes please. You know solve this -- so. I didn't do with an offense is actually taken some puppies at the Europeans is -- it on money back to you that. What's you know. Some dvds games have gone it is good com -- and. So what are the areas you like his financials are up about 7% as a group so far this year yet what this making what's the story behind financials that makes them attractive to you right now is that the recovering economy kind of story. I think so generally yes and -- also. As being -- growing confidence in just announces financial system as a whole and a global. Basis some of the potential -- comic says that bastard had been a bloated by strong portfolio in Europe activity you ads for example. On you asked I mean you know did. Chances. -- -- pretty falling out you know what's base. On what always had to be avoided at that last minute spot political whale so I think -- you know. Encouraging signs on both Republicans as though Democrats. On. Rather look info Ito did negotiations rent them but -- -- result in the fundamental differences on newsstands with it at this -- -- well we're talking about political will -- trying to fix budget let's go to Japan where the government just passed. New budget trying to tackle deflation -- are Japanese equities more attractive now I think so awful couple reasons. I think -- administration. Blow to -- these. But seeing second prime minister to have second hand out says that now. Which is quite away I'll -- Japanese politics and it it's kind of impressions. Jeff needs now as a society. Study getting second chance to people who failed -- past. And yesterday -- you know many stat that in the -- says. And then I think of it knows what to do wits against two. You know tackle deflation precedent with Japan faces for many years going forward I think today administration needs to come out waves. Said evident pretty phone plans we its. With three -- to you know tackling. -- more structural issue the Japanese economy back introducing. You know mall. Flexibility -- cats. Which allows companies to you know make redundancy of the Leo. As the same time you know ball have animals hopefully the labor market weeks. Certainly have our one that there thanks so much that you can I see that era thanks thinking I'm rob the shop there this is writers.