By all accounts, the equity markets in Taiwan, the People's Republic of China and Hong Kong are red-hot these days, and mutual fund managers are paying a lot closer attention to these markets.

Two new funds that will invest all of their assets predominantly in China are slated to come to market before year-end, following the launch last year of four new China-focused funds, one each from ING Investment Management, John Hancock Investments, Oberweis Asset Management and Old Mutual Asset Management.

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