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.
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.
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.
GI covers American Depositary Receipts, closed-end
country funds, WEBS, and foreign stocks based in the U.
In the second of a two-part series, ANDREW ALBUM looks at the spread and performance of single
country funds in the region.
These
country funds, however, appear to have a high correlation with the US stock market, a correlation far in excess of what their portfolio structure would suggest.
