Emerging markets driving Active returns

As with other balanced peer groups, weighting in flying emerging markets has dictated returns in the Active Managed sector over three years

As with other balanced sectors, fast-growing global emerging markets have driven returns from the funds topping the Active Managed sector over three years to 19 November. Unsurprisingly, portfolios with little or no exposure to the poorly performing US markets have also delivered the strongest returns. Robin Geffen's £66.5m Neptune Global Alpha fund has consistently been top quartile since inception in 2001, with the exception of the bear market of 2002-03. Global Alpha has returned 117.19% over three years, against the sector average of 46.19%. He said the total-return-focused fund...