Baillie Gifford's head of emerging markets Richard Sneller has assumed control of the Pacific fund following a reshuffle at the group.
Emerging market debt has held up relatively well during the recent turbulent financial market environment.
Mark Mobius' Templeton Asset Management is buying shares in Pakistan after the country's devastating floods prompted an equity sell-off.
Aberdeen has raised £52m for its Latin American Income fund which starts trading on Monday.
Emerging markets guru Mark Mobius believes fears of a double-dip recession are good for markets, as it will force global central banks to remain liquid.