4 Funds Making Big Emerging-Markets Bets
Two funds sold and two funds bought developing-world stocks during the region's bear market.
Fund Spy
Mentioned: Columbia Acorn International Inst (ACINX)
, AMG Yacktman Focused N (YAFFX)
, Manning & Napier World Opportunities S (1100119121)
, Artisan International Small-Mid Investor (ARTJX)
, Baidu Inc (BIDU)
A version of this article was published in the July 2016 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor here.
The recent emerging-markets bear market has left its imprint, at least in the short term, on some funds. Between the bear market's April 28, 2015, peak and its Jan. 21, 2016, trough, the MSCI Emerging Markets Index shed 34.1% of its value, with Brazil and China leading the race to the bottom. While their reasons for selling differed, two funds substantially cut their developing-markets footprints during that time and still got hammered. Two others had the temerity to buy in bulk, though only one benefited from the subsequent rebound through July 2016.
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Alec Lucas does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.