Japanese stocks have been attracting small investors - despite the collapse of Internet firm Livedoor Co. - who have invested $600 million into a newly created stock fund, according to Reuters.

"Retail investors are tapping into a domestic growth fund at a magnitude not seen since 2000 as their confidence is finally back after seeing three years of a rally [in Japanese shares]," said Nobuyuki Fujiwara, market analyst at Lipper.

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