Lazard Global Equity Income manager Pat Ryan has been buying EM stocks on valuation grounds as the region continues to underperform global indices.
Asian markets suffered their worst weekly loss since 2012 as the EU and US considered sanctions against Russia following a referendum on Crimea.
UK equity income stalwarts Clive Beagles and Francis Brooke are bucking the trend and keeping hold of their Verizon shares following the completion of the Vodafone/Verizon transaction.
Legal & General is to close its £222m Global Macro Themes fund - formerly David North's Diversified Absolute Return trust - as current manager Ben Gill leaves the group, Investment Week can reveal.
Russian shares dropped to a five-year low yesterday, weighing on global markets, while the gold price jumped as the Ukraine crisis intensified.