WAEMX
Wasatch Emerging Markets Small Cap Inv
Nasdaq
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2.600.01 (0.39%)
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1m
Prev Close2.59
YTD Return2.07%
Net Assets794.37M
Yield0.02%
As of 6:45 PM EDT. Market closed.
  • Reuters11 months ago

    China's plunge has emerging market funds looking closer to home

    NEW YORK/BOSTON, Aug 24 (Reuters) - With Chinese stocks down nearly 9 percent on Monday and Latin American countries already hurting, some top-performing emerging market fund managers are throwing in the towel when it comes to playing once-hot overseas growth stories. Fund managers from Federated Investors Inc,, Wells Fargo & Co and Wasatch say they have been moving more money to companies in Mexico, Poland and India after China's stock market began crashing in June. It's a stark reversal from the past several years, when the prospect of high levels of growth and attractive demographics convinced many fund managers that China and Latin American countries like Brazil were set to outperform for years to come.

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