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Kokusai Asset Management, Japan's largest mutual fund company, says it has unloaded all of its...

Kokusai Asset Management, Japan's largest mutual fund company, says it has unloaded all of its Italian, Spanish, and Belgian bond holdings, lowering the level of euro-denominated paper in its flagship fund to 15.9% from more than 30% two months ago. Hopefully not auguring the next trouble spots, the fund is redirecting assets to the debt of Canada, Australia, Sweden, and Norway.
Comments (1)
  • Doesn't surprise me.

     

    After finding out my core money market's exposure to Europe in August, I ran too.
    29 Nov 2011, 03:53 AM Reply Like
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