Hasn't looked at this one but presumes it will mirror the performance of the BRIC countries. You are going to get a chance to get this at lower levels in the next 3 months. Ultimately, the BRIC (Brazil, Russia, India and China) particularly led by China and Brazil, are going to continue to be the driving force for the global economy.
If you own, the damage has been done and he would continue to hold. A very good product. Not only emerging markets, but specifically Brazil, Russia, India and China, which are 4 economies that are not going to go away anytime soon and are still growing at 6%, 7% and 8% per year.
All 4 of the BRIC countries, Brazil, Russia, India and China have had some difficult times. Dismal first-quarter. Valuations have come down on this one. Price has been chopped. Now yielding a 5.3%. Trades at 8X earnings.
(Top Pick Jun 19/12, Down 9.70%) 40% of world’s population are in those 4 countries and there is a huge middle class. 7-8% over next 12 months. He is pretty content to hold it.
(A Top Pick June 19/12. Up .05%.) (BNN showed the date as April 30/12. This was actually a top pick on June 19/12. I corrected the percent from Down 1.86% to Up .05%. - Bill.)