Emerging markets have been savaged in 2008 and results in this sector reflected this.
Optima Emerging Markets was down 23.81% for the year after a -0.2% December and GAM Multi-Emerging Markets ended the year down 24.61% following a 1.19% December drop.
RMF Emerging Market Opportunities was down 27.12% after a -0.01% loss in December and Pamplona FOF EM was off by 28.67% after dropping 1.9% on the month.
Treflie Global Emerging Markets was down 30.37% following a -0.5% month and HSBC Emerging AdvantEdge was down 32.16% for the year following a gain of 0.31% in December.
Permal Emerging Markets Holdings was down