Baring Europe tops emerging sector

More than half the trusts in the emerging markets generalist sector have produced negative returns over three years. Within this there have been strong performers, in particular Barings Emerging Europe. The trust was top in the sector over the three years to March 2000, delivering a share price return of 84.01%, compared with the sector average of -1.27%. Managed by Martin Taylor and Rory Landman, the trust has net assets of $449m (£288.3m). It uses 2% actual gearing out of a potential 15% and is trading on a discount to NAV of 22.8%. Taylor said the trust's investment style combines a bo...