London-based emerging markets investment manager FPP Asset Management has seen strong performance across all its investment strategies this year.

Three of the firm’s long/short strategies; the FPP Global Emerging Hedge Fund, the FPP Seven Seas Fund (Emerging Europe and Middle East Fund) and the FPP Yellow Tiger Greater China Fund, have all exhibited excellent performance, rising by more than 99% year to date.
 
Meanwhile, on the traditional asset management side, the firm’s institutional global emerging markets long-only strategy is up 91.7% for this year compared to the MSCI Emerging Markets index return of 61.2%, an outperformance of 30%. That fund is being managed by Jonathan Neill, chief strategist and lead portfolio manager for the long directional funds at FPP.

FPP has also recently launched a daily priced UCITS III regulated version of its global emerging markets long-only fund. Registered and listed in Dublin, the fund aims to achieve long-term capital growth through equity investments in emerging markets.
 
So far this year, emerging markets have been much stronger than the developed markets with the S&P 500 Index up only 14.7% and the FT All Share being up 32% against the MSCI Emerging Markets Free Index performance of 61.2% through the enfd of October.
 
"Currently our favored markets are Taiwan, South Korea, Russia, Brazil, and China,” said Fabien Pictet, chairman of FPP. “We strongly believe that the rally in the emerging markets will continue, albeit at a potentially slower rate than heretofore.”