EMERGING EUROPE - Successful institutional global equity managers have been ploughing into key emerging markets including a number of European states. According to US-headquartered InterSec Research, managers that are doing well year-to-date have avoided the troubled Japanese market and have been exposed to key emerging markets including Russia, Greece and the Hungary.
“In Russia managers had a median return of 39.4%, versus the MSCI Russia index return of 46.5%,” said William Libby, director at InterSec. “The Czech Republic would have also been a good bet but...
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