‘Maple Eight’ managers see relative value in Tokyo shares

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Canada Pension Plan Investment Board and La Caisse are Canada’s two biggest pension funds by assets held. (Source photos by Nikkei)

MONTREAL — Canadian public pension funds are set to increase holdings of Japanese stocks, sensing opportunity in the country’s economy and corporate governance reforms despite volatility in the Middle East, amid a global trend of institutional investors reducing the weight of U.S. assets in their portfolios.