http://www.kiplinger.com/magazine/archives/2008/09/best_mutual_funds2.html?kipad_id=6
EMERGING-MARKETS FUNDS: Where the economic growth is
The champ over both the past year and the past five years is T. Rowe Price Emerging Europe & Mediterranean (TREMX). Clearly, Russian stocks, accounting for 61% of the fund's assets at last report, are a major reason for the fund's excellent returns. Russia, Egypt and Turkey account for 84% of its assets, so Emerging Europe can only loosely be considered a diversified emerging-markets fund.
Emerging markets are where the economic growth is these days, and their slice of the world economic pie is expanding every year. But remember that volatility comes with the territory. If you seek to allocate some of your stock portfolio to developing countries, three strong and well-diversified offerings are Fidelity Emerging Markets (FEMKX), T. Rowe Price Emerging Markets (PRMSX) and Driehaus Emerging Markets Growth (DREGX).
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