One of the most surprising data points in Morningstar's monthly
asset-flows data during the past few years has been investors' appetites
for emerging-markets equity funds.Investors typically send new dollars to categories that have notched
strong performance, not the ones that have underperformed. But
emerging-markets equity funds have bucked that trend, garnering $43
billion in new flows during the past year even as the category's 4%
average annualized return during the past three years lags nearly every
other stock-fund category.
http://tinyurl.com/oq43cd2
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