Fund That Beat 99% of Peers by Betting on China Shares Is Shifting to Booming Japan

(Bloomberg) — An Asia fund manager whose investments in China shares helped her beat 99% of peers over five years is becoming less enthusiastic and turning instead to its neighbor Japan.

Midas International Asset Management Ltd. is betting on Japanese technology firms and companies bolstered by the economy’s reopening and increasing consumer spending, according to Julia Yoo, a Seoul-based co-manager of the firm’s Asia Leaders Growth fund. Rising wages in Japan will likely boost consumption while a weakening yen may help draw in more tourists from abroad, she said.