EMERGING markets equities specialists have tightened their grip on The Herald's table of the top performing asset managers working for Scottish fund houses as First State's Jonathan Asante retained the top spot for a second month.
Mr Asante, who runs First State's Global Emerging Markets Leaders, Global Emerging Markets, and Latin America funds, was one of five emerging markets fund managers in the top ten when the latest investment performance figures for the three years to December 31, 2012 were compiled by financial publisher Citywire.
Mr Asante moved to First State's Edinburgh office in 2004 as a senior analyst and became head of global emerging market equities after several years of co-managing portfolios with renowned emerging markets expert Angus Tulloch.
Many of the other emerging markets investors featured in the Scottish list are his colleagues at First State.
They include, in fourth place, David Gait, manager of the house's Asia Pacific Sustainability, Indian Subcontinent, and Global Emerging Markets Sustainability funds.
Martin Lau, manager of the First State Greater China Growth fund, featured in sixth position. While Mr Asante was 30th in the UK-wide standings, Mr Gait was 65th and Mr Lau stood at 76th.
The First State contingent shared the spotlight with two Aberdeen emerging markets experts.
Devan Kaloo, manager of Aberdeen Asset Management's Global Emerging Markets Smaller Companies, Emerging Markets, Global Emerging Markets Equity, European Frontiers and Latin American Equity funds, secured third spot as his UK-wide ranking rose from 81st to 62nd.
Meanwhile, Aberdeen's Singapore-based Asian veteran Hugh Young, who heads funds including its Asia Pacific, Asian Smaller Companies, Chinese Equity, and Indian Equity offerings, was in fifth place in the Scottish table. His UK-wide standing slipped from 63rd to 67th place.
The Herald-Citywire survey focuses on open-ended funds aimed at retail investors
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article