One to Watch: India-focused funds
I believe the global economic prospect is being underwritten by the ambitions of developing economies in the Far East, Africa and Latin America. These regions do have a dimension of risk but, judging by the opinions of many, so does the UK.
I am particularly attracted to India. Many believe the Indian economy will grow faster than that of China in 2010. It is certainly true that, together, China and India account for some 40 per cent of the world's population and represent not only a formidable labour force but also a huge market.
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Hide AdIn India, the economy has grown rapidly over the past 20 years as the government strove to energise its enormous industrial engine. There are challenges, poor infrastructure, appalling caste system and a volatile political environment.
Potential investors could consider specialist collective funds, such as the JP Morgan Indian Trust, the New India Trust or the Lyxor ETF India.
You should take professional advice if you have any doubt about the suitability of these funds for your portfolio.