NEW YORK ( TheStreet) -- Emerging market consumers will buy banking services as their incomes rise, says Jim Moffett, manager of the Scout International Fund (UMBWX), and that's why it's a good time to own international banks like Standard Chartered (SCBFF.PK) and HSBC (HBC).The $6.8 billion mutual fund, which garners a full five stars from Morningstar (MORN), has risen 6.9% this year, beating 60% of its rivals. Over five years, the fund has generated average annual returns of 6.4%, better than 85% of its peer group.
Emerging Market Picks, From Banking to Beer
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