Foreign Funds Gain on U.S. Inflation Fears

Many of the largest foreign companies are natural-resources plays securing higher prices for their commodities. Up 45% in May, ProFunds UltraLatin America(UBPIX) benefited from gains of 47% from Brazilian steel producer Gerdau (GGB), 36% from Mexican cement producer Cemex(CX), 34% from Peruvian gold miner Cia de Minas Buenaventura(BVN) and 31% from Brazilian oil producer Petroleo Brasileiro (PBR).

Best-Performing Stock Mutual Funds in May Fund (Ticker) Rating Objective Total Return 1 Year Total Return 1 Month ProFunds Precious Metals UltraSector ProFund (PMPIX) E- Index Fund -35.76% 51.32% EM Capital India Gateway Fund (EMINX) U Country Fund-India -41.03% 49.17% ProFunds UltraLatin America (UBPIX) U Region Fund-Latin American -81.21% 45.07% Matthews India Fund (MINDX) C- Region Fund-Indian Subcont -24.47% 39.80% Eaton Vance Greater India Fund (EMGIX) D Region Fund-Indian Subcont -23.06% 38.06% Rydex Series - Precious Metals Fund (RYPMX) C Sector Fund-Precious Metals -14.23% 35.56% Nomura Partners India Fund (NPIAX) U Country Fund-India N.A. 34.56% ING Russia Fund (LETRX) E+ Country Fund-Russia -53.19% 34.30% American Century Global Gold Fund (BGEIX) C+ Sector Fund-Precious Metals -3.84% 34.09% Dreyfus Emerging Asia Fund (DEAAX) U Region Fund-Asian Pacific -3.22% 33.88% GAMCO Gold Fund Inc (GOLDX) C+ Sector Fund-Precious Metals -8.14% 33.59% JPMorgan Russia Fund (JRUAX) U Income Equity -63.65% 33.39% Frontier MicroCap Fund (FEFPX) E- Growth-Small Cap -63.64% 33.33% Direxion China Bull 2X Fund (DXHLX) U Index Fund -72.99% 33.21% JPMorgan India Fund (JIDAX) U Country Fund-India -22.59% 33.02% Van Eck International Investors Gold Fund (INIVX) C+ Sector Fund-Precious Metals -6.14% 33.01% ProFunds UltraEmerging Markets ProFund (UUPIX) E- Index Fund -72.70% 32.97% US Global Investors World Precious Minerals Fund (UNWPX) C- Sector Fund-Precious Metals -26.28% 32.93% OCM Mutual Fund - OCM Gold Fund (OCMGX) C+ Sector Fund-Precious Metals -0.63% 32.35% Direxion Emerging Markets Bull 2X Fund (DXELX) E- Index Fund -75.50% 32.32% Oppenheimer Gold & Special Minerals Fund (OPGSX) C+ Sector Fund-Precious Metals -16.35% 32.27% USAA Precious Metals and Minerals Fund (USAGX) B- Sector Fund-Precious Metals -2.67% 31.83% Franklin Gold and Precious Metals Fund (FKRCX) C+ Sector Fund-Precious Metals -9.35% 31.57% Fidelity Select Gold Portfolio (FSAGX) B Sector Fund-Precious Metals -0.79% 30.84% Fidelity Advisor Gold Fund (FGDAX) C Sector Fund-Precious Metals -1.11% 30.78% Source: Bloomberg & TheStreet.com Ratings Data as of most recent month-end.

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