The top five best-performing funds of 2006 were those focused on China, and they delivered stellar returns with limited holdings, Bloomberg reports. In fact, they focused on financially oriented investments: banks, insurance firms and real estate.

The No. 1-performing fund was the JPMorgan JF China Fund, which rose 100%, followed by the Baring Hong Kong China Fund, up 95%, and the Fidelity China Focus Fund.

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