Adidas has helped the £250 million Martin Currie Global Portfolio Trust outperform its benchmark by 6%.
The Edinburgh-based PLC's half year report said the sportswear giant was its top-performing stock with strong growth also from Starbucks and Visa. The fund manager sold stocks including Apple, Reckitt Benckiser and Lockheed-Martin but added Ferrari and Microsoft among others.
It returned 22.7% value on shares, compared with last year's 7% and a benchmark of 16.7% but revenue per share was 1.67p, down from 2.32p. The dividend was maintained at 1.80p.
MCGT said it was keeping faith in Far East medical technology companies with an eye on long-term growth despite a slowdown in the sector this year.
The report said: "Cosmetic dentistry specialist Align was the largest drag on performance, due to weak guidance for revenue growth for the year in China and the US which harmed sentiment. We still believe that there is a long runway of growth in cosmetic dentistry and that the company is years ahead of competition in terms of product offering.
"Waters, the life sciences company and leader in liquid chromatography, was particularly weak due to a slowdown in the Chinese drugs market as a result of regulatory changes and global pharmaceutical companies delaying spending."
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