Ten global funds capitalising on Japan's surprise QE boost

Just 24 hours after the Federal Reserve ended QE in the US, the Bank of Japan surprised global markets last Friday by extending its own stimulus programme. We look at ten global equity funds which may benefit.

The Bank of Japan's 31 October decision to increase its quantitative easing programme to 80 trillion yen a year - up from a previous target of 60-70 trillion - caught many unawares, not least Japanese equity investors. The Nikkei 225 rallied 4.5% on Friday and has continued to rise sharply this week, now standing more than 8% higher. With the yen having sold off again as a result of the looser monetary policy measures, UK investors may have to factor in the yen's concurrent 4% fall against sterling - though many funds hedge their exposure to Japan for this reason. Looking ahead, ho...