China - a mirror of Japan?

Some suggest China resembles Japan of the 1970s - before the Nikkei shot over 10 years from 1,500 to 40,000. But if they're right, then why use a long/short fund to enter the dragon?

While equity investments into Japan have the capacity to multiply investor's money fourfold over the next 20 years, according to some commentators, some see China's fortunes as multiplying allocations by up to 20 times.

"At the end of a bull market, everyone becomes a specialist," says Jacques Mechelany, managing director of Heritage Fund Management, a sub-advisor to the 788 China fund. "If you were to talk to global fund managers in 1989, they were all experts on Japan. If you had talked to