BARING funds are in second and third position on a Micropal ranking of the best performing authorised Latin America funds.
The Baring Global Emerging Markets Fund had returned 60.9 per cent for the calendar year to the end of August.
Next was the Baring Latin America Fund, which had returned 59.9 per cent.
According to information supplied by Baring, the Global Emerging Markets Fund was set up in February 17 and had about US$280 million invested in it at the end of August.
About 19 per cent of its assets were in Mexico, 15 per cent in Brazil, 11 per cent in South Korea, nine per cent in India and six per cent in the Philippines. The remainder was in a string of smaller holdings in most of the emerging markets of the world.
The Baring Latin America Fund had $95.9 million under management and was 41.1 per cent invested in Mexico at the end of July.
