Mutual funds investing in RI make progress<\/p>\n
NEW YORK (Dow Jones): Overseas mutual funds investing in
\nIndonesia and Japan made progress during the last week,
\nweathering the turbulent financial markets in Asia.<\/p>\n
Others in the region didn't remain above water during the week
\nended last Friday, according to Lipper Analytical Services Inc.<\/p>\n
While the average overseas fund purchasing equities in China
\nand on the Indian subcontinent but not in India itself lost 0.97
\npercent and 4.48 percent respectively, Indonesia and Japan were
\nthe two top regions.<\/p>\n
Indonesian funds were up 7.57 percent, and funds invested in
\nJapan were up 7.46 percent on average. Those sectors are showing
\nsigns of life, but they are down significantly on the year, much
\nlike their neighbors. Indonesia-focused funds are down 86.91
\npercent, and funds with a focus on Japan are down 29.28 percent
\nthis year.<\/p>\n
For the week, the Philippines brought a 6.01 percent gain for
\nthe average fund, and in Mexico, funds were up 5.54 percent.
\nAustralia was the fifth hottest geographic region, with a 5.29
\npercent jump.<\/p>\n
The individual portfolios that were best rewarded for their
\npicks in the hot regions included: the RG ZelfSelect Japan Fund,
\nup 16.62 percent; the Thorton Japan Warrant fund, up 14.69
\npercent; the Global Manager Japan-Geared portfolio, up 13.89
\npercent the Indocam Asia Portfolio, up 13.31 percent; and
\nBarclays Asian Selections: Indonesia portfolio, up 12.46 percent.<\/p>\n
Russia turned out to be the most worrisome region to invest in
\nduring the last week, with the average fund losing 13.09 percent.
\nAs the possibility that Russia will be forced to devalue the
\nruble continues to loom, the coming weeks and months might
\ncontinue to rough up investors.<\/p>\n
South Africa proved a daunting place to invest last week, as
\nthe average fund lost 8 percent. Middle Eastern funds performed
\nbetter than those in China or in the region surrounding India but
\nstill lost 0.64 percent.<\/p>\n
Gold-oriented funds, which gained 4.69 percent on the week,
\nled all investment objectives, but the funds have given up 35.59
\npercent this year. Growth and income funds did well this week,
\nclimbing 2.41 percent, followed by growth funds, which were up
\n2.14 percent. Natural resources funds and small-company growth
\nfunds completed the top-five list of sectors. They respectively
\ngained 1.95 percent and 1.8 percent this past week.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/mutual-funds-investing-in-ri-make-progress-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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