Russia's benchmark Micex index has fallen over 10% in response to geopolitical tensions in Ukraine, with the country's central bank hiking rates in a bid to prop up the rouble.
UBS Wealth Management's research team is finding better value opportunities in Europe than in emerging markets, pointing to the latter's political instability and lack of earnings momentum.
A turning point in the performance of Eastern European equities may finally be on the cards this year, according to Sam Vecht, co-manager of the BlackRock Emerging Europe trust.
Alken's Absolute Return Europe fund has seen inflows of nearly £700m since the start of the year as investors piled into absolute return products.
The leaders of the BRICS countries - Brazil, Russia, India, China and South Africa - are planning a $100bn (£65bn) fund to protect against financial shocks.
The managers of Standard Life Investment's giant £18bn Global Absolute Return Strategies fund have put in place four key trades ahead of an expected uptick in volatility in September, which they expect to benefit investors into 2014.
Elena Shaftan, manager of the Jupiter Emerging European Opportunities fund, reports on her findings from a recent research trip to Russia.