Advance Developing Markets Fund's net asset value per share rose by 8.6% in the four months to the end of February.

This compares with a 10% rise in its benchmark, the MSCI Emerging Markets Net Total Return Index, in sterling terms.

The company's share price rose by 8.5% during the period.

At 8:30am: (LON:ADMF) share price was -1.87p at 465.13p