When Russia’s invasion of Ukraine sent most emerging-markets funds plummeting, Perth Tolle’s Freedom Index Fund avoided most of the carnage—because economies run by despots will never be on her buy list. As a result, year to date MSCI’s emerging-markets index is down 17%, but Tolle’s Freedom fund is off only 7.5%. China’s woes dragged the MSCI Emerging Markets Index to a 2.5% loss in 2021, while Tolle’s fund gained 6.9%. In 2014 she quit Fidelity to raise her daughter but continued attending industry conferences as she mulled the idea of a freedom fund. “What Russia did opened investors’ eyes to the risk in China,” Tolle says.

Source: Forbes May 28, 2022 16:00 UTC