Mid-cap growth stocks rebounded sharply, with Russell 2000 up 2.7% week-to-date. Private asset managers see room for multiple expansion as earnings guidance is revised upwards. In Japan, impact investing strategies are likely to center around climate, health care, wellbeing and inclusivity, according to Masato Nakamura, head of GLIN Impact Capital, a Tokyo-based investment firm that participated in meetings with GPIF and other Japanese pensions about the strategy. The expectation is that GPIF will start applying the strategy to listed equities first, he said. Reflecting the firm's core areas of conviction, culture of collaboration, and unique position as a multi-asset manager, Nuveen's investment capabilities will now be organized into six distinct asset class pillars. Biotechnology equities jumped 6% after FDA approvals on breakthrough therapies. Private asset capital is moving toward early-stage innovators anticipating strong licensing revenues.
