Asia gains from domestic growth

Far East emerging market and Pacific ex-Japan funds have faced a volatile time over the past three years, with international markets and exposure to the technology and internet bubble causing downward pressure. Some of the best performers have been funds of funds that have been able to diversify away much of the risk. The OAM Asian Recovery fund, which was launched during the Asian crisis in December 1998, has been one of the best in the offshore Far East ex Japan sector over the past three years to the beginning of October. Between 1 October 1999 and October 2000, the fund was up 17....