Gartmore's John Stewart has turned to defensive stocks and opened up short positions in cyclical sectors within the Japan Absolute Return fund following the market's poor performance.
Barings' SooHai Lim has increased his weighting to Indonesia believing the country's strong growth since becoming a democracy is set to continue.
Henderson chief economist Simon Ward believes the yen, rather than the US dollar, could be the big winner from a loss of confidence in the euro.
With many investors looking East to avoid the risks of Western markets, groups are rolling out a raft of new China-focused funds.