EM debt and equity managers make hay


Emerging market equity and debt funds made hay again in August.

Russia-focused funds led the way. Prosperity posted a hefty 9.66% gain in August and is now up by well over 100% this year - while Troika Russia netted 7.33% for a YTD gain of nearly 118%.

And specialists in other emerging markets that fared well included ECP Emerging Europe Value (7.97%), FPP Seven Seas (7.62%), Adelphi Emerging Europe (7.60%) and Ashmore Turkish Equity (7.07%).

On the debt side,VR Global Offshore added nearly 8% for a YTD gain of 42%. Finisterre Sovereign Debt Fund gained 4.23% for a YTD