Russia-focused funds and resource plays lead in EM

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Emerging market equity and debt managers had a mixed time of it in February. GAIA Resources was up 13.84% during the month, while UFG Russia Select gained 6.27% and the Russian Prosperity Fund returned 5.55%.

GLG Emerging Equity was up 3.62%. Kazimir Russia Growth gained by 2.90% and BlackRock Eurasian Frontiers was up 2.33%, while Troika Russia made 2.23%.

Jabcap EMEA made 2.11% and the Hermitage Fund was up 1.53%, while GAM Global Emerging Markets Hedge gained 1.08%.

Nevsky lost 1.01% and Investec Africa ended the month down 1.38%. FPP Emerging lost 7.09% and Crescent GLS Arabian Opportunities