a subsidiary of Purpose Investment Inc.

A sea of red ink for emerging market funds

What are we looking for?

Leaders and laggards among emerging-markets equity funds this year.

Stock markets everywhere have been hammered amid euro-zone debt woes and forecasts for slower growth, but equities in the developing world tend to take it on the chin harder in downturns.

The screen

We ranked the eight best and eight worst performers among the red-stained funds this year to Oct. 20. U.S. dollar, segregated and duplicate versions of the funds were excluded.

What did we find?

A dividend-focused fund bleeding less than its peers.

Redwood Emerging Markets Dividend shed only 8.8 per cent this year. Its peers posted double-digit losses, including iShares MSCI Emerging Markets exchange-traded fund (ETF), which was down 17.9 per cent.

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