Kim argues that new requirements for oversight of
country funds should be added in the wake of recent revelations that board Chairman Aaron Lawlor repeatedly used a county-issued credit card to make personal purchases.
If you want to access these markets, a plethora of funds offer pan-regional exposure, while dedicated
country funds and emerging market products will give you exposure to a more focused economic area.
All EMEA regional and
country funds continued to suffer from outflows, with the region as a whole, recording outflows of $197 mln, or 0.91% of AUM.
Geographically, Saudi Arabia
country funds account for 62 per cent of the total, followed by Kuwait
country funds with 19 per cent share.
"The European Parliament's ECON Committee is about to take an approach to third
country funds which will significantly damage pension savings of all Europeans.
In a letter to the four finance ministers, Geithner said he understood that a draft EU law currently under discussion "would discriminate against third
country funds and fund managers by denying them the opportunity to access the EU single market."
The bank's seven index funds only cover developed markets, but it said that there is now scope for single emerging markets
country funds.
To examine whether the findings are sensitive to fund type, I group the funds in the sample into three categories:
country funds, regional and global equity funds, and global bond funds.
Both DIC and First Eastern manage successful specific
country funds. DIC manages Jordan Dubai Capital, a US$300 million investment fund which sources a wide range of transactions, ranging from financial services to power and real estate.
The premier issue includes articles on: the relationship between iShares and
country funds; the rationality of the Columbian Exchange market; market sector reactions to 9-11; foreign direct investment in South America; and, narrow price limit and stock price volatility in merging markets.
As detailed in a later section, this article classifies international mutual funds into three broad types:
country funds (which are divided into two subcategories--developed and emerging markets), regional funds, and well-diversified funds.
Lewis says "Global Investing is a newsletter for investors seeking to build an international portfolio of stocks and bonds from around the world without leaving Wall Street or their regular brokers." GI covers American Depositary Receipts, closed-end
country funds, WEBS, and foreign stocks based in the U.S.
