(Bloomberg) -- Shares of Japanese shipping lines
have soared 10 times more than the stock market this year. And
they're still cheap, says Toru Kitani, who is putting his money
where his mouth is.
``Growth in emerging markets is solid and demand is strong,
which is good for shipping lines,'' said Kitani, who oversees $3
billion at Sompo Japan Asset Management Co. in Tokyo and owns
``slightly more'' of Mitsui O.S.K. Lines Ltd. than in his
benchmark.
Read more at Bloomberg Exclusive News
have soared 10 times more than the stock market this year. And
they're still cheap, says Toru Kitani, who is putting his money
where his mouth is.
``Growth in emerging markets is solid and demand is strong,
which is good for shipping lines,'' said Kitani, who oversees $3
billion at Sompo Japan Asset Management Co. in Tokyo and owns
``slightly more'' of Mitsui O.S.K. Lines Ltd. than in his
benchmark.
Read more at Bloomberg Exclusive News
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