[NEW YORK] In a quarter in which most stock funds eked out small gains, emerging-market equity portfolios couldn't even manage that much.
Funds that invest broadly in the developing world fell 0.6 per cent in the quarter while Asia-Pacific portfolios sank more than 2 per cent, and Chinese-region funds dropped 5 per cent.
The results weren't unexpected. It wasn't just that China's economy appeared to be slowing even more than was previously thought. Starting in late February - when pro-Russian forces...
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