RBC Global Precious Metals has emerged as the main challenger to East Capital Ryssland as the best performing fund of the decade, according to a broad universe of funds put together for Financial News by data provider Morningstar.

Over the decade to mid-December, Ryssland generated a table-topping return of 1,554%, in dollar terms. The second ranking fund was RBC Global Precious Metals, with 1,309%, whose portfolio of mining stocks was managed by a team led by Christoper Beer.