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From Sagar Chakraverty, Opalesque Asia:
The Asian market bourses such as China, India, and Japan continued to ride high on the bullish momentum throughout Nov-Dec 2009, generating good positive returns, on back of investors' confidence about the region's growth potential, according to GFIA Research, a Singapore-based financial advisor.
For 2010, GFIA said in its January Market Review that investors should pay more attention to fundamental investing in order to make money and protect capital.
Asia and Russia
While the MSCI Asia Pacific gained 2.4% in Dec-09 (34.5%YTD), its counterpart, the MSCI Asia Pacific ex-Japan returned 3.5% for Dec-09 (68.4% YTD). Compared to that, the Eurekahedge Asian Hedge Fund Index returned 2.2% in December and 25.92% YTD.
The geographic balance of the hedge fund universe has continued to shift over recent years according to GFIA. There has been a leveling off of the dominance of London as an Asian hedge fund center; Australia, Hong Kong, and Singapore, each now have more managers than London or the U.S. Greater China (concentrated in Hong Kong) continued to consolidate its edge over the U.S., even as U.S. investors have been pouring into the region (see Opalesque Exclusive here).
Further, GFIA also said that London and the U.S. would continue to lose market share as the empirical evidence of better returns from indig...................... To view our full article Click here
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