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.
Asian stocks have been given a lift by a broadly positive set of Chinese data as investors look to end the week on a high note.
Consumer sector growth in China could bolster the economy and make the country a better long-term investment than it may currently appear, according to fund managers.
A new report has identified 16 countries poised to succeed China as the global driver of manufacturing growth.
Emerging markets have had a torrid summer, as the threat of a slowdown in China and the possibility of QE tapering in the US weighed heavy on investor sentiment.
Anthony Bolton is backing one of his unlisted stocks to make significant returns for shareholders in his Fidelity China Special Situations trust later this year when it lists on Hong Kong's main market.
China has unveiled new measures to boost its struggling economy in a fresh sign the ruling party is concerned about a slowdown.
Disappointing Chinese manufacturing data has sent Asian equities into reverse and raised further questions over extent of the country's economic slowdown.