Global shares plunged toward the end of last year, as US politicians moved toward an eventual government shutdown and Washington's trade war with Beijing intensified, worrying investors. "During the October-December quarter, due to concerns over uncertain global economic and corporate outlook, global investors' risk aversion heightened and domestic and international stocks fell sharply," fund president Norihiro Takahashi said in a statement. He added, however, that the fund was a long-term investor and makes on average 2.73-percent profit a year. The Japanese fund is worth more than 150 trillion yen.
Global shares plunged toward the end of last year, as US politicians moved toward an eventual government shutdown and Washington's trade war with Beijing intensified, worrying investors. "During the October-December quarter, due to concerns over uncertain global economic and corporate outlook, global investors' risk aversion heightened and domestic and international stocks fell sharply," fund president Norihiro Takahashi said in a statement. He added, however, that the fund was a long-term investor and makes on average 2.73-percent profit a year. The Japanese fund is worth more than 150 trillion yen.