Advance Developing Markets Fund's undiluted net asset value per share rose by 10.3% between 10 November and the end of February.

This compares with an 8.4% increase in its benchmark, the S&P/IFC Composite Index (sterling adjusted).

The share price rose by 4.3% during the period.

It said the outperformance over the benchmark largely came from manager selection, with its selected funds in Russia, China and Brazil performing particularly well.

Story provided by Business Financial Newswire