Russia and Biotech are the year's top performing sectors

This year's top-performing funds were absolutely dominated by two sectors: Russia and Biotechnology. Of the top 30 performing funds for the twelve months up to 1 November 2000, 22 fell into one of those two categories - 10 being Russian funds, while 12 were investors in healthcare and biotechnology. The funds are taken from Standard and Poor's entire offshore universe. The top performer was the Ashmore Russian Debt fund, with 235% return over the 12 months to November. The next-best performing Russia fund was the Firebird New Russia Fund, which came in fourth place with 171.37%. However,...