Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
No arguments. "Our favorite emerging-markets debt fund is Fidelity New Markets Income (FNMIX)--- a member of the Kiplinger 25. Longtime manager John Carlson focuses on dollar-denominated debt, a more stable way to invest in these securities because foreign currencies tend to be volatile. Over the past decade, New Markets Income returned 9.2% annualized, beating its typical peer by an average of 1.2 percentage points a year."
Yet, PREMX beats FNMIX by a nose over 10 years, 9.2% (FNMIX) vs. 9.88% for PREMX.
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Yet, PREMX beats FNMIX by a nose over 10 years, 9.2% (FNMIX) vs. 9.88% for PREMX.