Latest Investment idea: Fidelity New Emerging Markets (FNMIX)

Made a move into Fidelity's New Emerging Market Mutual Fund (FNMIX) and the fund looks to have strong potential, it has a history of paying out. Certain types of stocks and funds will dominate the market for a while, and large caps haven't been moving upwards. Value funds dominated following the 2002 correction, and energy has dominated the landscape the past year and a half, but international is the most recent style to dominate. I've advocated investment in Canada, Japan, and China in the past with some of the different iShares investments, respectively EWC, EWJ, FXI.

Investing in the top performing companies in countries who are experiencing exconomic upturns is easy, but identifying income producing opportunites from international corporate debt is harder to identify. This fund cherry picks international debt from other hot spots like Russia, Mexico, and Venezuela. Because the opportunities in those areas are harder to track, than the ones I mention above, I like this fund for delivering in other parts of the world.

It's a no load fund and operating costs are below 1% which is criteria for any fund I'd pick, because anything higher than 2% just doesn't make sense to me unless the fund consistently has high returns of 20% or better.



From the fund:

Principal Investment Strategies

• Normally investing at least 80% of assets in securities of issuers in emerging markets (countries that have an emerging stock market as
  defined by Standard & Poor's^® (S&P^®), countries or markets with low- to middle-income economies as classified by the World Bank, and other
  countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets.
  
• Normally investing primarily in debt securities of issuers in emerging markets.
  
• Potentially investing in other types of securities, including equity securities of emerging market issuers, debt securities of non-emerging
  market foreign issuers, and lower-quality debt securities of U.S. issuers.
  
• Allocating investments across countries considering the size of the market in each country relative to the size of the markets in countries
  considered emerging markets as a whole.
  
• Analyzing a security's structural features and current pricing, trading opportunities, and the credit, currency, and economic risks of the
  security and its issuer to select investments.