It appears going forward, frontier markets are the "new" EM. I currently own WAFMX and previously held TRAMX.
I always keep my eyes open to new and better alternatives. Not meaning performance chasing, but improving risk/reward, volatiltiy, etc.
I came across a handful of other FM OEF's, I would appreciate any thoughts, opinions and/or suggestions.
Also, how do you evaluate some of these funds since many have not been around very long (i.e. <3/5 years)??
The following MF are the most intriquing:
HLMOX/HLFMX (Harding Louver)
MFMPX/MFMIX (Morgan Stanley)
*** One item I noticed about these funds relative to WAFMX is that the are more heavily invested in the Middle East and less invested in Africa. Does anyone have a take on this, as well?
Edit: <i>What do you think about pairing WAFMX with another FM funds, such as the one's I mentioned? Not because of performance, but diversification, if you will.
The portfolio's of HSFAX/HSFIX, HLMOX/HLFMX and MFMPX/MFMIX are quite different from WAFMX, such as in where they invest and avg. mkt cap.
I'm viewing this as analogous to holding a Foriegn LV and a Foriegn SG fund. They may be in the same markets, but differ in many other ways.
Is this "fund" hoarding or does it make sense?
I also posted this on M*