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WAFMX due to manager track record and personal stake in the fund. Also, WAFMX has greater country diversification. Another choice coming in the next few weeks will be a similar offering from Grandeur Peak.
I own both but prefer the investment philosophy of WAFMX since it is heavily over-weighted consumer defensive and consumer cyclical stocks as a more pure play on the rapid growth in GDP of these fast growing, youthful populations.
Reply to @JimJ: This year WAFMX has done well. Concern I have is the country allocation (19% Nigeria, and 13% Kenya) and the political instability of that region. I did noted that defensive sectors that WAFMX is favoring and it seems to contribute to this year's return. For the record, I invest with Laura Geritz who manages WAEMX. But this is a very different fund than WAFMX or MEASX.
Question is which region, Africa or Asia, in term of risk and return?
Reply to @Carefree: OBIOX is a different type of fund. It is not a fund playing in Frontier Markets but rather diversified International Small/Mid cap area. I've posted more at the other thread you started:
Comments
Question is which region, Africa or Asia, in term of risk and return?
http://www.mutualfundobserver.com/discuss/index.php?p=/discussion/6623/thoughts-on-obiox-fund/p1