Far East funds on road to recovery

By Michèle Harrison Analysis of the Asia ex Japan offshore fund sector shows that although the three-year average return is negative, a number of funds have nevertheless managed to generate significant positive returns. The range of returns has been large, with the differential between the top and the bottom performing funds exceeding 200%. The best performer rose by 146% while the worst fell by 97%. Of the 132 funds in the Standard & Poor's Micropal sector, the arithmetic mean return over three years to the end of April 2000 is -2.49%. The average one-year return is 28.21%, the averag...