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4 highly-rated emerging markets bond funds
By The Associated Press
AP /
July 12, 2012
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Below are four emerging market bond mutual funds that are highly rated by Morningstar. Each requires a minimum initial investment of $10,000 or less, making them accessible to most individual investors. Each also has a medal rating under Morningstar’s Analyst Ratings, a subjective system which attempts to gauge a fund’s performance prospects, not just its past record. The scale runs from gold to silver, bronze, neutral and negative.
| Fund | Morningstar Analyst Rating | 12-month return | 3-year annualized return | 5-year annualized return | Expense ratio |
| Fidelity New Markets Income (FNMIX) | Silver | 13.2% | 14.8% | 10.2% | 0.86% |
| T. Rowe Price Emerging Market Bond (PREMX) | Bronze | 8.0 | 13.5 | 8.1 | 0.94 |
| MFS Emerging Markets Debt (MEDAX) | Bronze | 9.9 | 13.5 | 9.1 | 1.14 |
| PIMCO Emerging Market Bond (PELAX) | Bronze | -0.2 | 11.6 | 7.6 | 1.35 |
Source: Morningstar Returns through July 11, 2012
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