First State bets on Asia

Professional Adviser
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exposure to the sector in the group's global opportunities fund has been increased to 40.6%

The First State Global Opportunities fund has built up a 40.6% exposure to Asia, reflecting the positive view manager Andrew Dalrymple has held on the region all year. Global Opportunities, which reached its three-year milestone on 19 July, is an aggressive 40-45 stock portfolio that pays little attention to index weightings. Over the period 19 July 1999 to 15 July 2002, the fund is ranked second out of 129 funds in the global growth sector. It made positive returns of 17.55%, after charges, compared to the sector average of -26.72%, according to figures provided by Standard & Poor's. ...

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