Four niche EM funds that should be on your radar

Fund buyers have been struggling to find alternatives to Aberdeen and First State's giant emerging market funds, but Rathbones' Mona Shah has uncovered four niche vehicles worth a closer look.

Earlier this year First State soft-closed Jonathan Asante's £4.3bn Global Emerging Markets Leaders fund, while Aberdeen Asset Management introduced a 2% initial charge on its popular £3.4bn Emerging Markets fund. These moves left investors struggling to find other investment vehicles with the same strong track records and investment styles. But Shah (pictured), who co-manages the Rathbones Multi-Asset Portfolio funds with David Coombs, said there are a number of other opportunities. "We remain cautious on emerging markets at the moment, despite the cheap valuations," she said. "But...