The Norinchukin Bank, which manages approximately ¥45 trillion, has moved to invest in an exchange-traded fund focused on semiconductor stocks. This has been reported as an unusual policy shift emphasizing long-term growth.
The Norinchukin Bank manages approximately ¥45 trillion and had previously focused exclusively on broad investment across the overall market, but it decided to invest in an ETF focused on semiconductor stocks. This is regarded as an unusual decision for the bank and has been reported as a move reflecting a long-term growth story in AI-related stocks.
There is also information that overseas pension funds are buying AI-related stocks on dips, and interest among long-term capital in AI stocks is said to be increasing. Although AI stocks have shown lackluster price performance, some market participants expect flows of funds focused on the growth story to continue.
In terms of Japanese market trends, the Nikkei Stock Average closed on the 13th up ¥322 from the previous day, and some commentary indicated that investment attitudes toward AI-related stocks affected the market as a whole. The article names individuals associated with NVIDIA and identifies US market trends as a point of focus.
The article is restricted to members, and access to the remainder requires payment.