Latin America dominates Specialist sector

Scottish Widows and Invesco Perpetual vehicles head up disparate sector, boosted by strong macroeconomic background in Brazil and Mexico

The Specialist sector is something of a dumping ground for funds that either have a narrow single theme or do not otherwise fit with the mainstream peer groups. In addition to property, the sector contains funds specialising in areas like biotechnology, gold and natural resources, health and pharmaceuticals and overseas single countries. For this reason, performance comparisons across the sector as a whole can have little significance. The Specialist sector return was 73.74% bid to bid over three years to April 2007, according to data from Morningstar. The worst performer, the Gartmore U...