In February, the Fund had a negative performance of -4.34%, although it was a significantly better result than that of a general “market” amidst the backdrop of a -6.14% free-fall of MSCI EME Index (its main comparative benchmark).
Nevertheless, the Fund had generated a stellar +17.38% performance for the full three months of December, January and February combined, outperforming the RTS Index, the MSCI Russia Index and the MSCI EME Index by 9,414 basis points, 9,541 basis points and 12,122 basis points respectively during the same period.