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?
Aberdeen head of global emerging markets Devan Kaloo has said the asset class will avoid a 1998-style collapse despite the sharp slides in currencies seen in recent weeks.
Emerging market equity funds saw some $6.3bn in outflows during the final week of January, with the GEM sub-sector particularly badly hit as concerns over developing markets intensified.
Aberdeen Asset Management this morning reported it had seen AUM drop 3% as outflows continued from its equity funds and inflows dropped back sharply, following its move to cap Devan Kaloo's emerging markets fund.
Pictet Asset Management has poached emerging market debt specialist Luke Chua from Schroders.
The Investment Management Association has moved 25 funds into the newly launched Global Emerging Markets Bond sector, which went live on 31 December.
Hexam Capital Partners' co-founder and lead fund manager Bryan Collings is being paid on a performance-related basis after handing his stake in the business over to his colleagues.