The FTSE 100 opened lower this morning, down 0.31% to 5,529, as miners saw falls across the board.
Multi-managers are boosting their exposure to Japan following the Government's moves to weaken the currency.
The manager of Jupiter's Japan Income fund says Japan's move yesterday to weaken the yen was welcome, but not enough to make investors truly positive on the country.
The FTSE 100 failed to respond to broker upgrades and healthy earnings reports in early trading, advancing only six points, or 0.1%, to 5,562.37 points.
Japan's Government has intervened in the currency for the first time in six years after the yen hit a 15-year high against the US dollar.
Morgan Stanley Investment Management has launched an offshore Japanese Equity fund for its latest hire.
Martin Currie's latest offerings, the Japan and European Absolute Alpha funds, will launch this month with a long bias to internationally-focused companies