Top 10 mutual funds
These top emerging markets stock mutual funds are selected based on its performance and quality. These equity funds invest mainly in companies located in emerging markets countries such as Brazil, China, Russia, India, Taiwan, South Africa, etc. The investment risks include foreign investment risk, management risk, stock market risk, emerging markets risk, etc.
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| Top EM Stock Mutual Funds |
- Eaton Vance Parametric Tax-Managed Emerging Markets I (EITEX)
- DFA Emerging Markets I (DFEMX)
- Driehaus Emerging Markets Growth (DREGX)
- Lazard Emerging Markets Equity Open (LZOEX)
- Causeway Emerging Markets Investor (CEMVX)
- Schroder Emerging Market Equity Inv (SEMNX)
- Vanguard Emerging Markets Stock Index (VEIEX)
- Northern Emerging Markets Equity Index (NOEMX)
- T. Rowe Price Emerging Markets Stock (PRMSX)
- GMO Emerging Countries II (GMCEX)
Note: These top emerging markets stock funds are suitable for 2013 investment as well.
1. Eaton Vance Parametric Tax-Managed Emerging Markets I (EITEX)
This Eaton Vance Parametric Tax-Managed Emerging Markets fund objective is to provide long-term after tax returns. It utilizes its assets to purchase stocks of companies located in emerging market countries. Thomas Seto and David M. Stein are the fund managers. The dividend yield is 1.43%. It also has an expense ratio of 0.95%.
Investors can buy this best emerging markets stock funds with $50,000 initial funding. The annual portfolio turnover rate is only 4%. It employs an investment style of large blend. The top 4 stocks in its holdings are America Movil, S.A.B. de C.V., Samsung Electronics Co Ltd, China Mobile Ltd., and Gazprom OAO ADR.
2. DFA Emerging Markets I (DFEMX)
DFA Emerging Markets I fund invests mainly in a diversified portfolio of larger companies associated with emerging markets. This fund has a low expense ratio of 0.61%. It also has a yield of 2.05%. The current total assets are $2.5 billion.
More: Top Emerging Markets Stock Mutual Funds
Ranked with 4 stars, this equity fund has a 10 year annualized return of 14.75%. The YTD return is 3.01%. The top 5 sectors in its portfolio are financial services, technology, basic materials, energy, and consumer cyclical.
This best DFA fund is not the only top rated emerging markets stock mutual fund by Dimensional Fund Advisor. Other best emerging markets stock funds offered by DFA are:
- DFA Emerging Markets II (DFETX)
- DFA Emerging Markets Small Cap I (DEMSX)
- DFA Emerging Markets Core (DFCEX)
- DFA Emerging Markets Social Core Equity (DFESX)
- DFA Emerging Markets Value (DFEVX)
The investment aim of Driehaus Emerging Markets Growth fund is to provide maximum capital growth. It uses its assets to buy equities securities in emerging market companies. It may invest in common stocks, preferred stocks, and American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs). Managed by Howard Schwab and Chad Cleaver, it has an expense ratio of 1.64%.
Morningstar has ranked this diversified emerging markets stock mutual fund with 5 star rating. It has returned 12.11% over the past 3 year, and 15.91% over the past decade. The top 3 holdings are Samsung Electronics Co Ltd, China Mobile Ltd, and KIA Motors Corp.
4. Lazard Emerging Markets Equity Open (LZOEX)
Lazard Emerging Markets Equity fund invests majority of its assets in undervalued non-U.S. companies whose activities are located in emerging market countries. It has $14.2 billion of total assets. The current yield is 2.63%. This fund is now closed to most new investors.
More: Top International Small and Mid Cap Stock Mutual Funds
This best emerging markets stock mutual fund is ranked with 4 stars and silver rating. The top 3 holdings are Cielo SA, Redecard SA, and Banco do Brasil SA BB Brasil.
5. Causeway Emerging Markets Investor (CEMVX)
This Causeway Emerging Markets fund objective is to achieve long term capital appreciation. It is managed by Arjun Jayaraman and Macduff Kuhnert since 2007. The portfolio turnover rate is 95%. The 3 year beta risk is 1.04.
This 3-stars fund can be purchased from 52 brokerages such as E TRADE Financial, Fidelity Retail FundsNetwork, T. Rowe Price, JP MORGAN NTF, etc. The best 1 year total return was occurred in 2009 with 87.93%.
6. Schroder Emerging Market Equity Inv (SEMNX)
Schroder Emerging Market Equity fund utilizes most of its assets to purchase equity securities of emerging markets companies. It may invest in IPOs (initial public offerings), closed end funds (CEFs), exchange traded funds (ETFs), index futures, and other derivatives. The annual expense ratio is 1.25%. It also has a dividend yield of 1%.
Ranked with 4 stars, this international stock fund has a minimum initial investment requirement of $250,000. Its investment style is large blend. The top 3 sectors are financial services, technology, and energy.
7. Vanguard Emerging Markets Stock Index (VEIEX)
The investment aim of Vanguard Emerging Markets Stock Index fund is to track the performance of a benchmark index, the MSCI Emerging Markets Index. This index fund has 0.33% expense ratio. It has $63 billion of total assets. The distribution yield is 2.10%. It is passively managed by Michael Perre since 2008.More: Best International Stock Mutual Funds of 2012
This silver rated fund has a low turnover rate of 10%. It has returned 8.12% over the past 3 year and 13.41% over the past decade. The worst 1-year total return was occurred in 2008 with -52.81%.
8. Northern Emerging Markets Equity Index (NOEMX)
The Northern Emerging Markets Equity Index fund is another passively managed index fund. The fund managers are Shaun Murphy and Steven J. Santiccioli. This diversified emerging markets stock fund has $1.57 billion of assets. The year to date return is 3.03%.
Disclosure: No Position
Fund Performance
| No | Fund Description | Ticker | Expenses | YTD | 1 year | 3 year | 5 year | 10 year |
|---|---|---|---|---|---|---|---|---|
| 1 | Eaton Vance Parametric Tx-Mgd Em Mkts I | EITEX | Below Average | 6.23 | -13.06 | 12.57 | -0.87 | 17 |
| 2 | DFA Emerging Markets I | DFEMX | Below Average | 3.39 | -14.88 | 11.78 | -0.91 | 14.72 |
| 3 | Driehaus Emerging Markets Growth | DREGX | Below Average | 4.28 | -12.73 | 14.11 | -1.33 | 15.76 |
| 4 | Lazard Emerging Markets Equity Open | LZOEX | Average | 6.8 | -11 | 12.26 | -0.01 | 15.66 |
| 5 | Causeway Emerging Markets Investor | CEMVX | Above Average | 5.57 | -15.01 | 14.54 | -1.03 | -- |
| 6 | Schroder Emerging Market Equity Inv | SEMNX | Average | 5 | -13.71 | 10.8 | -1.23 | -- |
| 7 | Vanguard Emerging Mkts Stock Idx | VEIEX | Average | 3.15 | -15.97 | 10.51 | -2.18 | 13.33 |
| 8 | Northern Emerging Markets Equity Index | NOEMX | Average | 3.42 | -16.07 | 10.02 | -2.83 | -- |
| 9 | T. Rowe Price Emerging Markets Stock | PRMSX | Above Average | 3.79 | -15.46 | 10.98 | -3.72 | 12.76 |
| 10 | GMO Emerging Countries II | GMCEX | Above Average | 1.48 | -17.77 | 11.05 | -3.86 | 13.24 |
| 11 | Dreyfus/The Boston Co Emerg Mkt Cor Eq I | SBCEX | Average | 3.32 | -20.62 | 9.98 | -2.05 | -- |
| 12 | Consulting Group Emerging Mkts Equity | TEMUX | Average | 3.77 | -16.46 | 9.53 | -3.81 | 11.69 |
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