The Best and Worst Emerging-Market Funds
With the average stock in the fund's portfolio shedding 2.83% and no stock falling more than 11%, how did the fund lose 12.42%? Well, the net asset value of this fund sank 4.77%, because of larger holdings of the bigger losers. But the price of the fund is set by supply and demand, not just net asset value.
On Thursday Feb. 22, the closed-end fund was selling at an 11.8% premium above its net asset value. Traders continued to sell until a premium of only 2.8% remained. This crushed the price of the fund by 12.42%. Closed-end funds, unlike open-end ones, have a fixed number of shares and trade according to market demands.
The exchange-traded fund suffering the worst decline was the BLDRS Emerging Markets 50 ADR Index Fund (ADRE).
|Worst-Performing Emerging-Market Funds|
|Fund||Ticker||Rating||Fund Type||1 Week Total Return|
|Emerging Market Telecom Fund||ETF||B-||Closed-end||-9.89%|
|BLDRS Emerging Market 50 ADR||ADRE||C-||ETF||-8.35%|
|Templeton Emerging Markets Fund||EMF||C||Closed-end||-8.26%|
|Fidelity Latin American Fund||FLATX||C+||Open-end||-8.13%|
|US Global Accolade East European||EUROX||C-||Open-end||-8.10%|
|iShares MSCI Emerging Markets||EEM||C+||ETF||-8.01%|
|TCW Emerging Markets Eq I||TGEMX||B-||Open-end||-7.33%|
|Harding Loevner Emerging Market Inv||HLEMX||C||Open-end||-7.10%|
|Seligman Emerging Markets R||SERRX||B-||Open-end||-7.08%|
|Best-Performing Emerging-Market Funds*|
|Fund||Ticker||Rating||1 Week Total Return|
|American Independence International Equity||IMSSX||A+||-3.77%|
|ING Emerging Countries A||NECAX||B+||-4.88%|
|AIM International Small Co A||IEGAX||A-||-5.02%|
|Van Eck Emerging Markets A||GBFAX||C+||-5.09%|
|Third Millennium Russia Fund||TMRFX||D+||-5.36%|
|Phoenix Insight Emerging Market A||HEMZX||C||-5.48%|
|Adv Inn Cir Acadian Emerging Market I||AEMGX||C+||-5.62%|
|Fidelity Adv Emerging Asia I||FERIX||B+||-5.65%|
|GMO Emerging Markets Fund V||GEMVX||B-||-5.68%|
|Eaton Vance Tax-Mgd Emerging Market Fd I||EITEX||A+||-5.68%|
|* All funds are open-end funds
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV