Barings East Europe Fund Is Best in EM as Region’s Stocks Soar
An Otp Bank Nyrt bank branch in Budapest, Hungary. The lender is one of the bets of a Barings Eastern Europe fund that's emerged as this year’s biggest winner in developing markets.
Photographer: Akos Stiller/BloombergA Barings Eastern Europe fund is this year’s biggest winner in emerging markets as the region’s stocks soar on investors’ rotation out of US assets and pledges of more spending from the European Union.
The $442 billion firm’s fund for emerging Europe has reaped returns of around 24% in dollar terms so far this year, the most among all global EM equity funds managing at least $300 million, including others focused on the same region, according to data compiled by Bloomberg. That’s more than double the year-to-date gain on MSCI’s main emerging-market equity index.