Emerging market equity funds finally bounced back in February after a string of steep falls, with a number of players starting to claw back some of their earlier losses.
Polar Capital's Elbrus Fund posted a big gain of 11.85%, although it is still off by over 10% for January and February.
Other Russia-focused funds also rebounded strongly. The Russian Prosperity Fund added 10.10% on the month for a YTD return of -2.01%, while UFG's Russia Alternative Fund gained nearly 7% in February, though it is still down by 4.21% for the year. The firm's Russia Select fund added a chunky