Emerging markets rebound fuels big gains


The sharp reversal in emerging market equities fuelled big gains for EM-focused managers in March, with the median for the sector up by almost 4%.

A number of Russia-focused funds posted whopping gains of 20-30% - including Hermitage, Limestone Fund SPC Wider Russia, Emerging Value Opportunities, PCP Emerging Markets Active, Spectrum Russia and Diamond Age Russia - while many were up by at least 10%.

The Russia Prosperity Fund netted a 19.20% gain, while Polar Capital Elbrus put on a chunky 15.73% and the Russian Opportunities Fund gained nearly 15% on the month.

ECP Emerging Europe Value gained 14.85% in March,