The 10 best performing funds of 2011

2011 has been a year when some of the most popular emerging market managers paid the price for the breakneck growth of recent years, with investors fleeing to safe havens as equities tanked amid the eurozone debt crisis.

But which funds managed to make the most money for investors? Below are the ten best performers over the last year across the IMA sectors (According to Morningstar, from 31.12.10 to 9.12.11) who have outperformed peers. 1. Legg Mason Japan Equity  23.2% The only equity fund to make the top ten, Hideo Shiozumi's fund delivered the best return of every fund listed in the UK in 2011. The manager, who conversely boasts the worst performance of all Japan fund managers over five years, has vastly outperformed in the sector throughout 2011 after taking massive bets at odds with peers. H...