The ING Russia Fund (LETRX) followed in second place, at 15.7%.
The Russia trade is not without risk. If the price of oil slides, earnings of Russian oil companies would suffer as foreign currency reserves are eroded.
India's year-over-year GDP was still growing at an annual pace of 7.6% in the third quarter, better than the 6.2% reading for Russia. Two India funds also made the top 10 list. The EM Capital India Gateway Fund (EMINX) returned 5.5%, while the Nomura Partners India Fund (NPIAX) earned 5.3%.
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