From Russia with...

Many happy returns.









Fund of the decade posts a 1,524% return!

The best-performing funds over the past 10 years have capitalized on emerging markets in Eastern Europe and Russia.


In light of the news that we're ending the worst decade ever for stocks, maybe it's a good time to look at the best-performing fund in that period.

A Stockholm-based equity fund has produced a 1,524% return over the past decade, EFinancialNews.com reports. How? By betting heavily on emerging-market stocks.

The East Capital Ryssland fund specializes in Eastern Europe and Russia, according to EFinancialNews. If you had handed $10,000 to this fund in 2000, you'd have about $152,400 by now.

Here are the other funds in the top five, according to data from Morningstar:

2: Russian HQ Rysslandsfond, with a 962% return

3: FIM Russia, a Finnish fund with a 906% return

4: Baring Russia, with an 839% return

5: Odin Maritime, a shipping specialist run out of Norway, with an 832% return.

You'd think an Asian fund would have been on that list, but the top Chinese equity fund, Invesco PRC, achieved only a 466% return in the period, EFinancialNews reports.

I have not done quite that well with my fumbled returns but I have done OK. I will be posting a review of my year soon enough.

Meanwhile, I wonder what the next 10 years will bring?