With many investors looking East to avoid the risks of Western markets, groups are rolling out a raft of new China-focused funds.
Outperforming their large-cap brethren, Japan's smaller companies have driven a sector gain of 42.6% over one year with value still to be found
Artemis' William Littlewood has introduced a Japanese equity position into his Strategic Assets fund for the first time as the portfolio reaches £500m of assets in under a year since launch.
Japanese funds dominated returns during the first quarter of the year as the region's equity market begins to bounce back from a disappointing 2009.
The earnings results season for Q3 2009 (October-December 2009) has almost finished.