http://www.pimco.com/EN/Insights/Pages/Choosing-the-Right-Asset-Class-in-Emerging-Markets-Why-it-Matters.aspx- Depending on individual risk tolerances during the past five years, it may have made more sense to overweight one or two EM asset classes and at times to avoid one or two EM asset classes altogether.
- In general, asset classes are better viewed as carriers of risks rather than each being considered a risk in its own right. This phenomenon is readily apparent in the emerging market space.
- We have advocated that asset allocation in EM should be dynamic with respect to both segment and country. This is an important consideration of the EM investment process.
Comments
Fido's newer entry into the EM smaller cap area (FEDDX) is in the top 20 YTD of about 150 similar funds. Check the link for this and others that may be related. Note: not everything in the Bloomberg category sections are similar funds.
Bloomberg EM equity
May check these, too. Fido's EM small cap FEDDX and their EM balanced of equity and bonds FTEMX, with the bonds area being managed from the same manager and group who has a fine record with FNMIX.
Both funds are newbies.
E.R's are high, as are most in this area. FEDDX also has a 2% redemption fee if held less than 90 days, and FTEMX a 1.5% fee for less than 90 days.
Last note.........EM bonds have held better than I would have expected in light of the strenght of the $.
Take care,
Catch
By the way other than performance metric versus the respective index that you are looking, what other criteria when you screen actively managed EM funds?
I don't know if this would be true for you, but what I found about TRP is their 'available fund search' is poor. Through TRP, I use a search option called Gateway that supposedly gives the fund options available. What I found is this Gateway search does not always give all the funds available. I've asked TRP about that in the past and they acknowledged the problem and said if you don't see a fund you are looking for, call their help line to find out for sure.
What I do when I see a fund I want to investigate in TRP; I go to M* and start to type in the name in the 'quote' box. For instance if you type Oppenheimer Developing Markets, it will show you all the share types available, ODMAX, ODVYX, ODVNX, ect... as you type. I'll then go into my TRP account and start a purchase request with the fund names. One of them will generally move forward and show it is available in TRP for purchase - even though it did not show up in their search engine. I have purchased ODVYX even though I did not find it in their Gateway search engine - transfer fee free by the way.
Don't know if that helps you any Sven, but bottom line is I don't trust the TRP search.
For such a fine mutual fund house, one would expect they spend decent $$ to keep up with the competition. In the meantime, Schwab and Fidelity are making their web service truly user-friendly.