| 22.06.2007 Opalesque Exclusive: GEM`s Emerging Income Fund up shoots up 15% in May, liquidates Russian holdings |
| Nassau, Bahamas-based GEM Global Equities Management S.A. says its Emerging Income Fund was up +15% in May. YTD is 22.6%; the fund returned 23.2% in 2006, 63.1% in 2005 and 12.3% in 2004 with an August launch date. The management said it increased its Philippines exposure significantly by almost doubling it, focusing on the power sector, as well as real estate, banking, and consumer sectors. |
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