Need to be selective investing in Asian stocks

In dollar terms, the Indian market is still down about 40% from the peak, because the currency has weakened. 

In the 1970s, stock market indexes performed poorly and stock-picking came to the fore. Asia could be like that now. It is a huge region, and you have to invest by company. Some Indian companies will do well, and others poorly. 

Some people made 40% on their investments in China last year, but the benchmark index did poorly.