International funds

Some of the region's largest hedge-fund firms have resulted from spinoffs from global managers.

Following Donald Trump's win in the U.S. presidential election, bullion slumped to a nine-month low on speculation that his pledges would boost interest rates.

The Herzfeld Caribbean Basin Fund (CUBA) was up as much as 17% on Monday morning, its best one-day showing since December 2014.

The selloff is giving money managers a rare opportunity to allow passive funds call the shots on the direction of market sentiment.

The manager's Commons 30 is beating 88% of comparable funds over the past three years and trouncing Japan's benchmark Topix index, according to Bloomberg.

Competition is rising from passive funds as managers find it harder to justify charges 50% higher than their developed-world peers.

The firm sold its position in SPDR Gold Shares worth $30.4 million as of June 30, according to a regulatory filing Monday.

More than $1.2 trillion was wiped off the value of global bonds last week.

Investors withdrew $1.72 billion from U.S. ETFs that buy emerging-market stocks and debt in the wake of Donald Trump's U.S. presidential election victory.

Local-currency bonds in emerging markets are on course for a sixth week of losses, the longest streak on record.