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Web-only Exclusives
November 30, 2000

From Our Correspondent: Hirohito and the War
A conversation with biographer Herbert Bix

From Our Correspondent: A Rough Road Ahead
Bad news for the Philippines - and some others

From Our Correspondent: Making Enemies
Indonesia needs friends. So why is it picking fights?

Asiaweek Time Asia Now Asiaweek story


Don't bet the family silver

Playing emerging markets is a high-risk, high-return game. Make sure it is part of an overall investment program that ensures your long-term financial needs are addressed. That usually means placing most of your money in conservative vehicles while setting aside, say, 5% to 10% for riskier ones, like emerging market funds.

Look for a solid growth story:

In choosing a stock or unit trust investment in an emerging market, its economic and business fundamentals are key. Hong Kong fund manager Yeh V-Nee of Value Partners chooses companies that benefit from China’s growth. One of his choices: Le Saunda, a Hong Kong shoe retailer whose mainland sales are growing 50% a year. And when you do decide to go into a market, remember that returns will tend to be in the long term.

Choose funds for diversification, liquidity and service:

Unit trusts focus on a country, region, sector such as infrastructure, and smaller-capitalization stocks. It is crucial to diversify and thus enhance liquidity and reduce risk. Such unit trusts will tend to be volatile; having a broad spread will help ensure that one or two funds will offer profit-taking opportunities at any time. In choosing funds, expertise and track record are obvious considerations, but also pay attention to one-time fees and redemption services, given that you may want to dash out of markets if losses mount.

No stock market? — try direct investment:

In Vietnam, direct investment funds are the option. They put money in a range of ventures from hotels and restaurants to shoe factories and theme parks. Property is a popular choice. But check foreign ownership rules. And with no bourse to bail out from, consider these forays only for the long term.

This edition's table of contents | Asiaweek home



U.S. secretary of state says China should be 'tolerant'

Philippine government denies Estrada's claim to presidency

Faith, madness, magic mix at sacred Hindu festival

Land mine explosion kills 11 Sri Lankan soldiers

Japan claims StarLink found in U.S. corn sample

Thai party announces first coalition partner


COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state


COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel ě at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness

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