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Fund Spy

Approach Single-Country Emerging-Markets Funds With Your Eyes Wide Open

These funds come with notable risks as well as ample potential rewards.

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The universe of single-country emerging-markets funds continues to expand. Indeed, since the start of 2011, 11 funds that focus on China, nine offerings that concentrate on India, three Brazil funds, and a half dozen portfolios that focus on other individual developing countries have opened. There now are 53 open-end fund and 66 exchange-traded funds dedicated to individual emerging markets.

These funds are growing in size as well as in number. Nine of them have $1 billion or more in assets, including  Fidelity China Region (FHKCX),  Market Vectors Russia (RSX), and  iShares MSCI Brazil Index (EWZ) (which has more than $9 billion in assets). Ten more of these funds have between $500 million and $1 billion in assets, including  Matthews India (MINDX), iShares MSCI South Africa Index (EZA), and iShares MSCI Malaysia Index (EWM)

William Samuel Rocco does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.