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Lazard Emerging Market Institutional (LZEMX)
08-22-2007, 10:56 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Lazard Emerging Market Institutional (LZEMX)
Its performance in the last 5 years is mind-boggling!
Opinions? Anyone?
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08-22-2007, 11:03 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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Compare to Vanguard's VWO:
The mind-boggling returns are due to emerging markets, not the particular fund.
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Emancipated from wage-slavery since 2002
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08-23-2007, 04:54 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Sam -
Ahh as far as actively managed emerging market funds, I really respect the Mathews Funds and IMO, they have a very solid investment approach in these markets.
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"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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08-23-2007, 07:39 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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wildcat,
What's the symbol for the Mathews Funds?
wab,
OK. So the emerging market is mind-boggling.
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08-23-2007, 07:42 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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 Quote:
Originally Posted by Sam
wildcat,
What's the symbol for the Mathews Funds?
wab,
OK. So the emerging market is mind-boggling.
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Matthews Asian Funds - Investing in the future of Asia since 1994
Take your pick. Only downfall is that they tend to be a bit Asia centric. However, I think that is where a lot of emerging market growth will come from in the future. Be sure to read through some of their commentaries/semis/annual reports. I think you will find them to be a very shareholder friendly firm.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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08-23-2007, 07:54 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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Quote:
Originally Posted by Sam
OK. So the emerging market is mind-boggling.
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"Is" or "was?" That is the question.
FWIW, I try to overweight in China by using FXI.
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Emancipated from wage-slavery since 2002
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08-23-2007, 08:15 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Thanks, wildcat.
wab,
"Is" as far as I can tell. Obviously, no one knows what tomorrow will be like. I would not be surprised if China stock index drops by 50% in a short time.
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08-23-2007, 08:23 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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Yup, P/E is higher on Chinese stocks than other emerging countries (and FXI only holds Chinese "blue chips"). But their economy is still growing like crazy, and they make just about everything I buy, so I'll take my chances for a while longer.
BTW, the local Chinese stock markets are much crazier, but apparently investors there believe their govt won't let anything bad happen before the next Olympics, so they're going pedal to the metal until then!
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