Any manager who earns a Citywire Euro Stars rating has delivered consistently strong risk-adjusted performance over three years. But the Euro Stars rating differs from our country-specific rating in that to attain one, a manager has to be running a fund that is available in at least three of the 11 countries covered by our database.

The idea is to provide investors with a list that highlights the best fund managers from the growing cross-border superset. This is the third edition of Euro Stars for December 2011: the first was published back in December 2010.

• Global Equities

  The global equity sector is the largest on our database and incorporates a wide variety of manager strategies and styles

• European Equities

  We list the best managers of pan-European equity funds along with the best single-country equity fund managers across the continent

• North American Equities

  We list the fund managers who have proven their worth with strong risk adjusted performance

• UK Equities

  The UK may be a relatively small country, but it sure packs a punch, benefitting from the global reach of many of its listed companies

• Emerging Market Equities

  Funds investing in equities from emerging markets have been seeing huge inflows

• Asia Pacific Equities

  We showcase fund managers operating in some of the world's fastest developing economies such as India and China - as well as Japan

• Specialist Equities

  Run by experts with a deep knowledge of their chosen fields, specialist equities can add de-correlation to a portfolio

• Global Bonds

  Despite the low yields from western government bonds, risk aversion has seen investors continue to invest strongly in the bond segment

• Other Bonds

  Leading managers from fixed income sectors, including European sovereign bonds, US treasuries, corporate bonds, convertibles, and high yield

• Mixed Assets

  A sector covering mixed asset funds, a simple way for investors to diversify their holdings and minimise volatility with minimum fuss and costs.