Source: Trustnet Though not delivering investors a negative return, the £24.6m China fund, run by Ruth Chambers, has lagged peers in the sector, particularly on a five-year view where it has returned 99.5% against the average IA China fund’s 124.9% returns. However, the fund board noted in the case of the China, European Opportunities and India funds the managers had only been appointed to the mandates fairly recently. Thomas Smith took over European Opportunities in January 2019 following the exit of Neptune’s European equities heavyhitter Rob Burnett. Similarly Chambers and Ewan Thompson, who runs the £39.3m India fund, took over their mandates in 2018.