Emerging-Markets Funds Sizzle This Week

This week marks the beginning of a new season. With the summer solstice on June 21, traders across the country, after being repeatedly whipsawed up and down, must have truly felt as if it was the longest day of the year.

Sidestepping this domestic volatility, all 99 of the emerging-markets funds we track gained in value over the five trading days ending June 21. (See the table below for the top 10 best performers.)

(uupix Quote)ProFunds UltraEmerging Markets (UUPIX), with its 200% leverage, returned 6.15%. Over the last year, the fund has skyrocketed 128.11%. ...