Run by a team led by Devan Kaloo the fund has its largest region exposure in Brazil at 17 per cent. But this concentration does not seem to have affected the fund's performance ? if you had invested in the fund five years ago, you would have seen your money double, while those who jumped in last year would have a return of 22 per cent.
Mark Dampier of Hargreaves Lansdown said: "An emphasis on quality rather than fashion, Mr Kaloo won't lose his head, which means investors can sleep at night. The fund is ideal, too, for monthly savings plans."
The fund is heavily exposed to financials; energy, consumer staples and information technology companies make up the rest.
3 Liontrust special situations fund
This fund can invest in any UK company regardless of size or sector ? aiming to give investors the best opportunities across all the indices. As a "special situations" fund, the managers look for companies they think are under underappreciated by the market.
The fund has returned 68 per cent over the past five years, and 31 per cent in the past 12 months alone. Adrian Lowcock of Bestinvest said: "The team have a unique approach to investing and are pure stock pickers, looking for companies with an economic advantage such as intellectual property, which provides them with a competitive edge and increased profitability."
4 M&G Global basics
Investing in "basic" industries such as commodities equities, consumer goods companies, industrials, oil and gas, this fund is quite specialist.
It has returned an impressive 56 per cent over the past five years, though it has lost 3.7 per cent in the past month.
Philippa Gee, who runs her own wealth management company, said the fund was the perfect way to get specialised exposure ? but you will need to balance your portfolio for diversification.
"You need to understand that this more focused approach for sectors means that it is not truly diversified and you should build up other exposure to balance against this," she said. "This is a popular fund and with good reason, as there has been a consistency that many other funds aspire to."
5 Edinburgh Investment Trust
Launched in 1952, the trust aims to grow at a faster rate than the FTSE All Share index, and increase the dividend each year by more than the rate of UK inflation.
And the fund seems to be hitting its target ? the annual dividend, paid last July, was 6.35p per share, up from 6.13p per share the year before. The top 10 holdings read like the top 10 largest companies of the FTSE 100 ? but the fund does have 15 per cent exposure to overseas equities.
Brian Dennehy, of Dennehy Weller & Co, said: "In a nutshell, this is another Neil Woodford vehicle. The holdings are similar to those in the Invesco Perpetual Income and High Income funds. If you believe the prospects for markets are at least fair, and you are a Woodford fan, this is one for you."
The current share price is 439p.
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