Emerging market debt fares relatively well as equity funds fall hard


Emerging-market equity funds fared even worse than their global and European counterparts in 2011 – with the majority of funds losing money and with many suffering big double-digit losses.

Only a few EM equity funds succeeded in making money last year. Visio South Africa Long/Short scored an 11.01% gain, while 36One Offshore made 10.61%, Brait Offshore was up 9.52% and OCCO Eastern European made 5.43%.

For EM debt funds, 2011 was a mixed bag. Finisterre Sovereign Debt made 10.35%, while GIB Emerging Opportunities was up 10.10% and Pharo Gaia rose 8.32%. Moore Emerging Fixed Income & Currency gained