WhatÆs the picture like after the May and June sell-offs
2006 is a challenge for Asian markets. For the first time in the regionÆs modern financial history, Asian ex-Japan equity strung together three consecutive years of good performance. Can it enjoy a fourth year
What accounted for those three good years
Our three years of out-performance began in late May 2003, when SARS was full blown and we were running extraordinary levels of cash. We took the decision to quickly move to a fully invested position when it became...