Aggressive fund managers suffering in emerging Asia

those who outperformed in 2003 have generally lost out in 2004

The most aggressive emerging Asia fund managers who outperformed in 2003 have generally suffered this year, research from Standard & Poor's has shown. Smaller companies were also hit hard in the downturn, with the result that funds with significant small-cap exposure have struggled this year, in contrast to the very favourable tailwind they enjoyed over the previous few years. Among Asian fund managers, many are cautious on the outlook, the analysis said. Its research showed that while there is still a question mark over the course of the Chinese economy, some also have doubts over glob...