Level of Asian returns depends on index

The study found that the standard Asian indices are heavily concentrated in a few large-cap stocks and show severe fluctuations in style and sector exposure. According to the study, most indices allocate as much as 60% of the index weight to only one-fifth of the stocks in the universe. In addition, sector weightings vary widely with the study finding that the weight of Telecom Services stocks in the Hang Seng index fluctuated between less than 10% and 27% over the period analysed. The weight of Consumer Staples stocks in the Indian Nifty Index fluctuated between 3% and 27%. Market in...