Old-world focus a winner
STEADY long-term performance in old-world markets will prove the winning combination when the South China Morning Post's Fund Manager of the Year Awards - compiled in association with Micropal - are presented this week.
Although the meltdown in Asian markets triggered by the regional currency crisis has dented the performance of many Asia-based funds severely, fund-management groups investing in the United States and Europe continued to build long-term value.
Investors in the winning funds have doubled or, in some cases, tripled their money over the five-year period on which the major awards are based.
Among those who will be taking home trophies for their three-year performance are a handful of funds that have doubled their investors' money.
Investment gains built up before the crash in Asian share prices last year have left investors in winning Asian categories with profits over the five-year period.
The names of the winners will be unveiled at the Fund Manager of the Year Awards dinner to be held on Thursday at the Island Shangri-La Hotel. A full report on the big winners, and their strategies, will appear with the Sunday Morning Post on February 22.