GEM funds soar in value by 60% - Defaqto

According to a study by the research company, the average increase in value of unit trusts and OEICs in the global emerging market sector from February 2009 to February 2010 was almost 60%. "The expectations of many economic commentators are that the emerging markets will, over the longer term, continue to grow more rapidly than developed ones," says author of the report Fraser Donaldson. According to the Investment Management Association, adds Donaldson, around 2% of all retail funds under management are invested in the sector, but this figure is likely nearer 5% when including inves...