Ukraine and Kazakhstan, homes to two of this year's emerging stock markets, are driving investors by attempting not to cause capital flight.

Ukraine ordered banks this month to buy and sell the Ukrainian currency at a rate no weaker than a floor policy makers set every day. Kazakhstan Parliament has the intensions to give the president power to make exporters to sell the government their foreign- currency earnings.

"If you have money in a country, which introduces some type of controls, that's an issue and so we're steering very clear of that area right now," reported Andrew Bosomworth, a manager in Munich at Pacific Investment Management Co.

Andrew Bosomworth helps oversee more than 50 billion of USD in emerging-market debt for the international largest bond-fund manager. "The best way to attract private monies is going to stay there is to provide a coherent environment to invest into."

Ukraine's PFTS stock index decreased 26 percent this year and the Kazakhstan Stock Exchange Shares Index wasted 28 percent, ranking among the lowest emerging-market performers with Costa Rica, Nigeria, Serbia, Qatar and Bosnia, according to latest data.

The two nations devalued their national currencies and took over struggling banks in the past several months as the first global recession since World War II slashed demand for exports at the same time that frozen credit markets drove away foreign investment.