WEST PALM BEACH, FL (HEDGECO.NET) – The E.U. and U.S. hedge fund markets have seen some recent fluctuation in reliability in the past weeks, but Emerging Markets are still doing remarkably well. Investors are still investing in BRIC, (Brasil, Russia, India and China) because of the slumping returns that traditional hedge funds are seeing.
Open Unit Funds, a variation on hedge funds, set the 5.3-billion ruble record in May. Unit trusts and OEICs are known as “open-ended”, because their size is not limited. Net capital inflow to Open Unit Funds reached 5.29 billion rubles in May, the National Managers League reported.
Stock Funds were the most popular, as investors benefited from the recent market slump to buy shares. The inflows to these funds exceeded 3.6 billion rubles, but according to Investfunds it was 100 million rubles less than last April.
Troika Dialog Asset Management Co. led in money attraction again, having posted the net inflow of 2.14 billion rubles. It was followed by the Bank of Moscow Asset Management Co., Alfa Capital, KIT Finance, DVS Investment.
Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net
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