First State sole positive performer

Emerging market funds have shown varied performance over the three years to 30 November, with less than a handful posting positive returns. Among the 20 funds with three-year track records to 30 November, only First State Global Emerging Markets has made a positive return. Just four out of 23 funds that have been running for more than a year have posted positive returns over 12 months to the same date. The £59.5m First State Global Emerging Markets fund, which has made positive returns to investors over each of the past three years, aims for long-term growth with a focus on quality, ac...