Earlier in 2024, Tokyo-listed equities hit 1,000 trillion yen (USD 6.5 trillion) for the first time, with the Nikkei breaking new ground for the first time since 1989. Now, the market has become a hotspot for active investors seeking alpha. But how can investors explore opportunities? 

Nikko Asset Management’s latest investment guide, Breaking through the cycle, explores how decades of changes, from corporate governance improvements to cutting cross-shareholdings, have created an environment where smaller and mid-sized companies – often overlooked by passive strategies – have significant potential. 

The guide looks at why in 2024 many are trading below their book value, offering opportunities for those with the research capabilities to identify undervalued stocks. Moreover, the fact that nearly half of the TOPIX Index companies have no sell-side coverage means that valuable information remains undiscovered by the broader market.

Explore more content like this, download the exclusive investment guide below. 

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