Apex North Asia's strong showing reflects market


Outperformance by the Japan market in December was reflected in the performance of the Apex North Asia Fund, which rose an estimated 5.64% for the month and 35.97% for the full year.

Since the new administration came to power in September, it was the first time Japan has gained policy clarity, notably in terms of dollar-yen, and also its fiscal stimulus package in early December, says Apex Capital's Tat Auyeung.

This new clarity breathed life into exporters and financial stocks, and while other players in the market ended the year quite defensive, there was ample opportunity for a