SunAmerica Japan A
Telecom Services Cap the High Portfolio Turnover for SAESX
The SunAmerica Japan Fund – Class A (SAESX) fell a sharp 17% in the first four months of 2016, making it the second-worst performer among the nine funds in this review.
SAESX and How It Has Changed in 2016
Consumer discretionary, information technology, and telecom services form the core of SAESX. Combined, these three form 55% of the fund’s portfolio.
Surprise! Bank of Japan Pushed the Key Interest Rate below Zero
In a move that surprised markets, on January 29, the Bank of Japan pushed the key interest rate into negative territory at -0.1%.