An Emerging-Markets Fund Snaps Back

Few expected a post-COVID rally in emerging-markets stocks, in part because of a belief that developing countries wouldn’t cope well with the pandemic.

A woman with a globe
(Image credit: Getty Images)

Emerging-markets stocks were beginning to recover in late 2019, thanks to a trade agreement between China and the U.S., when the pandemic upended everything. During the ensuing stock market sell-off, the MSCI Emerging Markets index fell 31%. Baron Emerging Markets (symbol BEXFX), a member of the Kiplinger 25, our list of favorite no-load mutual funds, lost 34%. No matter. Its recovery has been spectacular. The fund’s one-year return through mid August beat the index by more than three percentage points.

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Nellie S. Huang
Senior Associate Editor, Kiplinger's Personal Finance

Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money.