Dear Reader:
You are viewing
a story from GN Version 5.0.
Time may not have been kind to formatting, integrity of links, images, information, etc.
U.S. Mutual Fund Becomes Top Nintendo Shareholder
An American mutual-fund company has become the largest shareholder in Nintendo Co., placing a growing bet on signs of a revival in the Japanese videogame company’s fortunes, a regulatory filing shows.
Capital Research & Management, the investment adviser to the American Funds family, owned a 16.4% stake in Nintendo as of this week, according to a filing with Japan’s Finance Ministry. That was up from 15.3% in early March.