Bottom-up selection does emerging managers well

Few themes in common between top emerging market managers, with all highlighting stockpicking as key factor behind strong returns

The best-performing emerging market funds over three years have little in common other than a high regard for quality bottom-up stock selection. Returns from the 26 Global Emerging Markets funds reporting three-year results range from 60.4% up to 145.57%. F&C has two funds in the sector, with one targeting all emerging markets and the other avoiding Asia Pacific. The group's £34m Emerging Markets ex-Pacific Asia fund leads the sector over three years, providing a 145.57% return to 9 June, according to Morningstar. Both funds operate within a team-based framework where individual man...