‘I would like to see First State have greater success in fixed income in the UK’
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.