It has almost gone unnoticed, but Chinese indices have begun to outperform amid a difficult August for equity investors.
Investing in Chinese equities is not easy - even the most experienced investors can get their fingers burnt trying to find the right stocks to back in an opaque and volatile market - but one manager has a tip for would-be investors.
The return of Japan's Prime Minister Shinzo Abe has boosted the country's stock market and lifted inflation, but which managers have benefited most so far, and which have lagged behind?
Japan equity managers are buying back into domestic companies and cutting their exposure to export-led firms as the slowdown in China and a flat yen weigh on sentiment.