Eaton Vance's Rees-Moog Sees Tremendous Values in Emerging Markets

When one travels to distant locales, it's advisable to secure the services of a trusty and knowledgeable guide.

The same holds true for investing in emerging markets, where one may encounter such potential pitfalls as problematic accounting, banks laden with bad debt, concerns about terrorism and economic woes (this is overseas we're discussing, right?). You would have to travel far to find a surer guide than Jacob Rees-Moog, manager of the (EMEMX Quote)Eaton Vance Emerging Markets fund.

Since Rees-Moog assumed the helm of the fund in May 2000, the value-minded Briton has turned in a most impressive performance. The fund's 7.28% one-year return puts it in the top 3% of all emerging-markets funds, according to Morningstar. Its three-year annualized return of negative 5.87% ranks among the top 13%. ...