Vanguard Emerging Markets Index Fund (VEIEX)
If you are looking to invest in a third world country that has a chance to explode with profit, then the Vanguard Emerging Markets Index Fund could possible what you are looking for. The countries where stocks for this fund are purchased are China, Brazil, Russia, Korea and Taiwan to name a few.
This is a high risk high return fund so investors should be ready for a roller coaster ride more than what would be expected from the domestic market. The present stock price is at $24.18 as of 9/29/09.
The net assets for this emerging mutual fund are $22.1 billion with stocks in 790 different companies. The top 10 companies make up 15.2% of the overall net asset of this fund. These ten companies are China Mobile LTD of Hong Kong, OAO Gazprom-Sponsored ADR, Samsung Electronics Co. Ltd, Teva Pharmaceuticals Industries Ltd, America Movil SA de CV, Petroleo Brasileiro SA Pfd, China Construction Bank, Petroleo Brasileiro SA Series A ADR, China Life Insurance Co. Ltd, and Industrial and Commercial Bank of China Ltd, Class H.
The return before taxes of this fund has been 6.84% since its inception back in 1994. Like all investments, this last year has not been a good one with return at -28.63% but the last 5 years returns have been in double digit at 13.91%. This is a long term investment for those looking at this fund.
For the last 52 weeks of trading this stock has moved from a low of $12.11 to a high of $24.48.
The Vanguard Emerging Markets Index Fund is a best Vanguard fund managed by the Vanguard Quantitative Equity Group.