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Emerging markets fund

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Emerging markets fund
A mutual fund that invests primarily in countries with developing economies (that is, those that are becoming industrialized). Emerging markets funds tend to be more volatile than domestic stock funds due to currency fluctuation and political instability. Consequently, fund prices can fluctuate dramatically.

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Madden, portfolio manager of Pioneer Emerging Markets Fund.
NYSE: APF); Morgan Stanley Emerging Markets Fund, Inc.
NYSE: APF); Morgan Stanley Emerging Markets Fund, Inc.
 
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