5 year performer

William Calvert is a firm believer in the potential of emerging markets. Just don't mention Bric strategies, export-driven economies or commodity plays. Calvert has managed the Axa Framlington Emerging Markets fund since joining the firm in 1997, running a diverse, relatively low turnover portfolio of primarily small- and mid-cap stocks. He freely admits the fund takes some risk to achieve its objectives. He says: "People want to invest in emerging markets because they believe in the growth story. Where the growth is higher, you have to expect the risk to be higher too." Local growth The...