21 Jan 2011 | Stuart Conlan

Fund managers tip Emerging Markets as best performing region in 2011 

AIC poll of fund manager predictions for 2011

Emerging Markets has been tipped to be the top performing sector in 2011 according to the Association of Investment Companies (AIC) poll of fund managers.

Emerging Markets represented 20% of the overall vote as the most favoured sector.  Japan, Far East ex Japan and Frontier Markets all gained 16% of the vote and UK and US 12% and 8% of the vote respectively.  In the previous year’s poll, the message was pretty much the same; Emerging Markets winning 35% of overall votes, Latin America 22% and Far East ex Japan 18%. 

The recent poll also stated that 77% of managers expect the FTSE 100 to end the year at levels between 6,000 and 6,500 and if the first few days of 2011 are anything to go by then these predictions seem well founded.  2009’s predictions for the FTSE to close 2010 somewhere between 5,500 and 6,000 were spot on.

Finally, in terms of asset classes, in 2009 over one quarter (28%) thought that gold would be the best performing asset class with only 50% betting that equities would be best.  Things have changed and now, gold is thought by only 12% to be the best performing asset class for the year ahead and 80% of fund managers now think equities will be best performing.

Baillie Gifford offers a range of equity based global and specialist investment trusts.  For more information, please visit www.bailliegifford.com/investmenttrusts