All eyes on China

Last year was significantly more pleasant than 2011 for global emerging markets equity managers. The average IMA Global Emerging Markets fund rose 13.32% in 2012, according to Morningstar, following double digit falls in the previous year. British investors remain on trend, following the wider European pattern of ditching local equity growth strategies in favour of racier emerging market portfolios. The IMA Global Emerging Markets sector was the third best seller in the UK in November, with net retail sales of £162m, well above its monthly average of £104m during the previous twelv...