Redemptions worth hundreds of millions of euros took place in February at Aktia's emerging market funds after three of its portfolio managers and two analysts resigned from the company's emerging debt unit, reports Finnish business daily Kauppalehti.
Negative fund flow in the company's three funds totaled EUR 315m. Aktia Emerging Market Local Currency Frontier Bond+ lost most of the three funds; redemptions reduced its net asset value by 27 percent.
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