Trio avoid emerging market malaise

baillie gifford, first state and aberdeen are the only groups in the global emerging markets sector to have outperformed over three years

Investors with money in global emerging markets are mostly sitting on double digit losses after a difficult three years for the sector. Global emerging market funds have on average posted losses of 10.25% over the three years to the end of June, on a bid-to-bid basis. Of the 21 funds in the sector with three year track records, only three have delivered positive growth over that timeframe, equivalent to just 15% of the overall universe. Baillie Gifford and First State's global emerging markets funds, along with Aberdeen Emerging Markets ended the term in positive territory. Moreover, o...