Business Description
This fund puts at least 80% of its money into stocks and similar investments from emerging market countries ? places identified by major financial institutions as having developing economies or early-stage stock markets. The fund focuses on a broad range of these markets as defined by recognized global organizations, as well as any additional countries the fund manager considers comparable. Unlike many funds, it does not spread its investments across a wide number of holdings, which means it carries a higher level of concentration risk.
