|4 Emerging Market Funds to Watch|
NEW YORK (TheStreet) — Frightened by slowing global growth and the European debt crisis, investors dumped emerging market stocks last year. Diversified emerging markets funds dropped 19.9%, according to Morningstar. That was a disappointing performance in a year when the S&P 500 gained 2%.
Should you avoid the emerging markets? Probably not. For starters, stocks in the emerging markets remain reasonably priced. According to Morningstar, portfolios of emerging markets funds have a price-earnings ratio of 14. That’s less than the figure for U.S. funds.
In addition, many countries in Asia and Latin America are continuing to report healthy growth. The emerging markets now have a long track record for delivering strong market gains. During the past decade, emerging markets funds returned 12.8% annually, outpacing the S&P 500 by about 10 percentage points.
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4 Emerging Market Funds to Watch
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