The Prusik Asian Equity Income fund has reached $50m in size and its first share class is closing to new investment.
Chinese inflation has fallen to a 20-month low, giving further room for policymakers to stimulate the economy.
Fidelity's Anthony Bolton has warned Chinese GDP growth will come in at around 7.5% this year, undershooting consensus forecasts for growth of between 8% and 8.5%.
Owning gilts has made the single largest contribution to recent performance of the £761m Miton Special Situations fund, and there is more money to be made in the asset class, said manager Martin Gray.
Prusik IM founder Heather Manners has bought into Vietnam for the first time in her funds' history in the view stocks are trading on Asian crisis-level valuations and could double from here.