BoJ inflation move is good news for funds in Tokyo


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