Asian winners richly rewarded

Standard & Poor's Fund Services latest report, Emerging Markets Asia, resulted in four funds in the report's universe achieving a higher rating, while five have been downgraded. The report identifies how emerging market Asia funds performed in 1999 depended mainly on three factors: sector positioning: Managers who favoured cyclical stocks in the first half of the year and technology stocks in the second half did best. Superior stock selection. Now cash exposure or even geared exposure. The funds that took the right decisions were richly rewarded, while those that didn't, seriousy lagged....