Public Mutual, the largest mutual fund company in Malaysia just came out with a country specific fund call Public Japan Global Equity Fund. The fund will focus more on Japan equities.
While the fund says it's seems to be a country specific fund, it hedges itself by buying DJIA stocks and put spare cash in 3-month KILBOR. This strategy is very similar to all their country specific funds like their Australia, Vietnam, China and Indonesia funds.
At the moment the main index that this fund tracks is the TOPIX30 index which from the 5 year chart seems having mild increase. For now, I will pass on the fund.
