Russia and Biotech are top performing sectors

Last year's top-performing offshore funds were dominated by two sectors: Russia and biotechnology. Of the top 30 performing funds for the 12 months up to 1 November 2000, 22 fell into one of those two categories, 10 were Russian funds, while 12 were investors in healthcare and biotechnology. The top performer was the Ashmore Russian Debt fund, with a 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%. Number 20 in the list of best performers is ranked six in the Russian equity fund s...