Emerging markets: Widespread gains


Emerging markets have shown strength since their early summer stumble. In particular, many emerging markets currencies have been strong against the dollar, including those of China and Brazil. The MSCI Emerging Markets Index rose 4.75% net, driven by larger returns in India, Thailand, Chile, Brazil and Turkey, among others. Of the emerging market funds tracked by Absolute Return, all but two returned gains for the month. John Tidd's Horizon Growth Fund was a star performer, turning in an impressive monthly rise of 7.2% to take its YTD to 18.69%. One of the exceptions: Juan Bayelo's KDC Offshore Global