The ten GEM funds most exposed to the Russia sell-off

Russian equities have been on a roller-coaster ride this week amid the country's stand-off with Ukraine. But which funds are most exposed?

On Monday, Russia's benchmark Micex index tumbled over 10%, as the country's forces surrounded Ukrainian military bases in the Crimea over the weekend. The index recovered losses on Tuesday, rebounding more than 5%, after president Vladimir Putin appeared to step back from more concrete moves. However, the episode has not left the country unscathed. Russia's central bank hiked interest rates 1.5pp in a bit to prop up the falling rouble, leading analysts to slash growth estimates for 2014. The Micex, meanwhile, remains down nearly 10% for the year to 3 March and the situation in Ukr...