The board of the Aberdeen All Asia investment trust plans to change the mandate of the vehicle to Japan-only and raise additional equity.
Asian markets have risen after data released by the Chinese National Bureau of Statistics showed a number of bright spots for the country's economy.
Asian stocks have soared, led by Japan's Nikkei, as investor confidence was boosted by Tokyo winning the race to host the 2020 Olympics.
Gold funds were standout winners in August as investors' appetite for risk waned amid concerns of a tapering of monetary stimulus in the US and potential military action in Syria.
Hedge fund manager Hugh Hendry moved to play the summer EM sell-off by pitting 'good' emerging markets against struggling peers.
Improving factory data and a sliding yen helped lift Japanese shares overnight, amid a positive session for Asian markets in general.
The return of Japan's Prime Minister Shinzo Abe has boosted the country's stock market and lifted inflation, but which managers have benefited most so far, and which have lagged behind?