Benchmarks have performed positive because of the increase in oil & gas and metals prices in March, hedge fund manager Ansher Fund Management says. March has been positive all across the markets and the hedge fund manager increased holdings in Kazakhstan and Kyrgyzstan as together with Uzbekistan, Ansher believes that these will be the strongest performers in the region.

Regarding risk exposure, “we like it as is, given the high diversification on both, sector and position level, shields us from extreme market moves,” Pascal Buschor, Executive Director at Ansher, said.

The economy of Uzbekistan has also shown resilience against the effects of global liquidity crisis, Ansher says. The implementation of the anti-crisis program measures has started in Uzbekistan, and the results of consequent two months showed the program is producing its first satisfactory results, the fund says.

Kazakhstan’s government has further demonstrated strong political will to support the economy by adopting the national anti crisis program. Government plans to inject some $14 billion.