As far as stock markets are concerned booms and busts are like nights and days.
American investors for years have regarded many developing economies of the world as emerging markets with the implications that many of these markets are unstable economies, weak governments and weak currencies and lack respect for shareholders.
| Top 5 Emerging Markets Equity Mutual Funds based on 1-Year Total Returns | | Fund | Total Return 1 Year | Total Return Since Inception | Largest Sector Allocation | Country Exposure | | T. Rowe Price Emerging Europe & Mediterranean (TREMX) | 77.65% | 19.13% | Finance - 35.73% | Russia - 34.6% | | U.S. Global Investors Eastern Europe (EUROX) | 63.27% | 19.76% | Finance - 22.91% | Russia - 35.1% | | Lazard Emerging Markets Open (LZOEX) | 57.57% | 7.51% | Finance - 16.01% | Brazil - 21.7% | | Goldman Sachs Emerging Markets Equity (GEMAX) | 56.19% | 8.48% | Finance - 32.31% | South Korea - 18.5% | | Oppenheimer Developing Markets (ODMAX) | 55.70% | 17.59% | Finance - 25.77% | South Korea - 18.9% | | Index Comparison: MSCI EAFE IX ND | 25.79% | | | |
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