Once concerns have subsided about the millennium date threat to computer systems, emerging markets l...
Once concerns have subsided about the millennium date threat to computer systems, emerging markets look likely to regain investors' attention in a big way. Most institutional investors are now bullish about Asia. The level of cash in both global and regional funds has fallen and the consensus is that the gains represent a solid recovery rather than another bounce. Through 1999, the Korean stock market rose 217% in sterling terms, and even the worst Asian performer, Taiwan, rose over 24%. But returns from Asian funds have varied from 159% to just 5.2%. Fortune has favoured the brave. Funds ...
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