“If you want to invest in emerging markets, invest in a good manager. Although emerging market funds are expensive, the disparity between returns at the top and bottom of emerging markets funds makes the expense worthwhile.”
“This fund snaps up fast-moving firms of all market caps, trying to cut them loose before they overheat or when better opportunities present themselves.”
“Federated had two good years in 1998 and 1999, but before that its performance was middling at best, and in the past few years, it's been doing pretty badly. With the exception of two good years, Old Westbury International has been in the bottom third of its category.”
