Region - not fund - the key to strong returns

Asia Pacific ex Japan was the best performing IMA sector in 2007, according to Lipper, while Japan was bottom of the pack. According to research carried out by T. Bailey, there was more than a 20pc difference in the performance of the worst performing fund in Asia Pacific ex. Japan sector - Premier Eastern Enterprise fund, which returned 16.27pc - compared with the best performing Japanese vehicle, Jupiter Japan Income, which lost 4.01pc. Jason Britton, co-fund manager at T. Bailey, said the figures underpin the importance of geographical asset allocation. He explained: "Simply, if yo...