Docherty succeeds with emerging market bias and a global outlook

A bias toward emerging markets at the expense of the US over the past three years has contributed towards strong performance in the Aberdeen World Equity fund, managed by Stephen Docherty. Although the manager has held this stance for several years, he says this is a by-product of the stock selection process, rather than intended top-down views. Portfolio construction is based on a disciplined evaluation of companies through direct research visits. Top-down factors are secondary, with diversification rather than formal controls influencing geographical and sector weightings. Although ...