Emerging markets selloff bruises big-name funds

The plunge in emerging markets is taking a bite out of the performance of funds managed by some of the biggest names on Wall Street, including BlackRock, Brevan Howard and T. Rowe Price.

Some mutual funds are already down 10 percent so far this year, thanks to declining stocks and currencies. And that drop has intensified selling pressure as investors rush to pull more money out.

“It has been a disappointing beginning of the year,” said Will Landers, a BlackRock equity portfolio manager with close to $4 billion in assets under management. The BlackRock Latin America Fund is off 10 percent this year.

http://www.reuters.com/

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