Tigers keep roaring

In the heady days of the dotcom boom, asset allocation became a forgotten or rejected art. Stockpickers were the headline-grabbing sharpshooters and getting the big picture right was simply a backdrop to their skills. Recently, however, like a lot of other pre-TMT techniques and features, asset allocation has once again proved its worth. Investors are belatedly waking up to the fact that not all equity markets are suffering the same gut-turning plunges as the S&P500 or the FTSE 100. Two of the best performing markets in the world year-to-date have been Russia and Korea, indicative of the...