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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001303308-11-000001.txt : 20110316
<SEC-HEADER>0001303308-11-000001.hdr.sgml : 20110316
<ACCEPTANCE-DATETIME>20110316101646
ACCESSION NUMBER:		0001303308-11-000001
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20110316
DATE AS OF CHANGE:		20110316
EFFECTIVENESS DATE:		20110316

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Genesis Emerging Markets Business Trust
		CENTRAL INDEX KEY:			0001303308
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NH

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-69360
		FILM NUMBER:		11690584

	BUSINESS ADDRESS:	
		STREET 1:		STATE STREET BANK AND TRUST CO OF NH
		STREET 2:		2 WALL STREET
		CITY:			MANCHESTER
		STATE:			NH
		ZIP:			03101
		BUSINESS PHONE:		44-01487-714-041

	MAIL ADDRESS:	
		STREET 1:		STATE STREET BANK AND TRUST CO OF NH
		STREET 2:		2 WALL STREET
		CITY:			MANCHESTER
		STATE:			NH
		ZIP:			03101
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

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        <cik>0001303308</cik>
        <entityName>Genesis Emerging Markets Business Trust</entityName>
        <issuerAddress>
            <street1>STATE STREET BANK AND TRUST CO OF NH</street1>
            <street2>2 WALL STREET</street2>
            <city>MANCHESTER</city>
            <stateOrCountry>NH</stateOrCountry>
            <stateOrCountryDescription>NEW HAMPSHIRE</stateOrCountryDescription>
            <zipCode>03101</zipCode>
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        <issuerPhoneNumber>44-01487-714-041</issuerPhoneNumber>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>LLP</firstName>
                <lastName>Genesis Asset Manager,</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Investment Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>(as Trustee)</firstName>
                <lastName>State Street Bank and Trust Company of NH</lastName>
            </relatedPersonName>
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                <street1>2 Wall Street</street1>
                <city>Manchester</city>
                <stateOrCountry>NH</stateOrCountry>
                <stateOrCountryDescription>NEW HAMPSHIRE</stateOrCountryDescription>
                <zipCode>03101</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Hallam</lastName>
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            <relatedPersonAddress>
                <street1>Kings Mill Farm</street1>
                <street2>Kings Mills</street2>
                <city>Castel</city>
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                <zipCode>GY5 7JT</zipCode>
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                <relationship>Promoter</relationship>
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                <lastName>Huntley</lastName>
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            <relatedPersonName>
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                <lastName>Birkett</lastName>
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            <relatedPersonAddress>
                <street1>Collins Stewart Wealth Management</street1>
                <street2>Collins Stewart House, The Grange</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mel</firstName>
                <lastName>Carvill</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>PPF Partners Limited</street1>
                <street2>Generali House, Hirzel Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
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            <relationshipClarification>Operating Committee Member of Investment Manager of Issuer</relationshipClarification>
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        <relatedPersonInfo>
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                <lastName>Yerburgh</lastName>
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                <street1>Heritage Hall</street1>
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                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 4HY</zipCode>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Martyn</firstName>
                <lastName>Ryan</lastName>
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                <street1>Heritage Hall</street1>
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                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 4HY</zipCode>
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            <relatedPersonRelationshipList>
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                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Partner and Operating Committee Member of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <lastName>Elder</lastName>
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            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
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                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 4HY</zipCode>
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            <relatedPersonRelationshipList>
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            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Arindam</firstName>
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                <street2>Le Marchant Street</street2>
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                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 4HY</zipCode>
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            <relatedPersonName>
                <firstName>Paul</firstName>
                <lastName>Greatbatch</lastName>
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                <stateOrCountry>Y7</stateOrCountry>
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                <firstName>James</firstName>
                <lastName>Juracka</lastName>
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                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
                <zipCode>GY1 4HY</zipCode>
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            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Evgeny</firstName>
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                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Catherine</firstName>
                <lastName>Vlasto</lastName>
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            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
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                <stateOrCountry>Y7</stateOrCountry>
                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
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            <relatedPersonName>
                <firstName>Paul</firstName>
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                <stateOrCountryDescription>GUERNSEY</stateOrCountryDescription>
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            <relatedPersonName>
                <firstName>David</firstName>
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        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>218887000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
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                <issuerName>Genesis Emerging Markets Business Trust</issuerName>
                <signatureName>/s/ Andrew Elder</signatureName>
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                <signatureDate>2011-03-14</signatureDate>
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-----END PRIVACY-ENHANCED MESSAGE-----