BoJ inflation move is good news for funds in Tokyo

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The big market event in February was the Bank of Japan’s increased commitment to creating inflation, which weakened the yen and led to a strong exporter-led rally, with TOPIX ending the month up over 10% in local currency terms.

A number of funds posted solid gains, with Kubera-Yamoto up 10.4%, taking three-month figures to 18.25%, and SR Global Japan up 9.55%, putting three-month figures at 10.84%.

Sector Zen, which recently received a $25 million subscription from a pension fund taking total assets to $45 million, was up 8.87% on the month, leaving three-month figures at 15.96%. One of