European funds have recouped most of last year's losses by focusing on global companies and avoiding debt-ridden countries
The FTSE 100 advanced 0.67% or 38.68 points to 5,771.51 as investors responded positively to news Ireland has agreed to a bailout.
The FTSE is slightly down in early trading, with RBS hit by fears it may be exposed to Ireland's economic problems.
Legal & General Investment Managers has launched an emerging markets tracker fund for Robert Dowling.
F&C's Paul Carne has taken an overweight equity position across his four-strong Lifestyle range.
The FTSE is down over a percentage point in afternoon trading with better-than-expected growth figures failing to lift investors as concerns over the banking sector weigh on sentiment.
Polar Capital is set to add an income fund to its recently launched global emerging markets range.
The managers of the £187m BlackRock Greater Europe investment trust have significantly outperformed their benchmark thanks to an overweight to industrials and an underweight to financials.
The FTSE 100 remains marginally in the red this afternoon, with miners dragging on the index.