Hot funds 2004

Last year proved to be an exceptional year for global equities, with the improving economic and corporate environment enticing investors back into the market after a three-year exodus. This meant that choosing our 'Hot Fund' picks for 2003 was a relatively easy task. All we had to do was identify the best practitioners and look for areas that would benefit from an economic recovery. As you can see from the performance table of last year's picks, small-caps, across all markets, were significant winners. The stabilising world economy, the potential for interest rate rises and peaking cor...