The FT is publishing rankings of emerging market fund performance prepared by Lipper, the funds research company. Here is the fourth profile of a top performing fund.
Investors who turned their eyes to Darkest Peru in 2010 were rewarded with stellar returns. Peru-based Banco de Credito’s equities fund BCP Acciones came first among emerging market equity funds in Lipper’s ranking with a gain to December 20 of 63 per cent. ING Income Shares fund was third, with 59 per cent, followed by three Chile-based funds focusing on Peru.
Mario Melzi, Cecilia Ramirez and Augusto Rodriguez of Banco de Credito say Peru’s surging economy and the planned integration of the Lima, Bogota and Santiago bourses were the major factors driving their success.
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