Why is "Full Steam Ahead" split into "Developed" and "Emerging" when the others are not?

The vast majority of funds in the “Steady as She Goes” category tend to be managed funds which have a blend of assets (equities, fixed interest cash and property) and avoid 100% equity exposure. They also tend to be focussed primarily on the developed economies of the world such as the UK, Europe, North America and Japan.

Most of the funds in “Full Steam Ahead” are either pure equity funds or are very restrictive in terms of the asset class they invest in and this invariable leads to a very diverse list of funds from around the world. This wide array of funds will respond to a variety of market conditions and the drivers that prompt growth in the emerging markets will quite often be different to those in developed markets.