Tuesday, October 02, 2007

T Rowe Price fund focused on Africa

I know that mutual funds are cutting up the world into smaller and more exotic slices. Plus, emerging market investment has become much more respectable as their economic and financial strength has increased.

Still, I was surprised to read about the new T Rowe Price Africa & Middle East Fund (TRAMX) in David Snowball's article on the FundAlarm Annex.

Snowball's well-written article referred me to "The Case for Investing in the Middle East and Africa," a four-page report available from T Rowe, and the Center for Global Development's "Why Doesn't Africa Get More Equity Investment? Frontier Stock Markets, Firm Size and Asset Allocations of Global Emerging Market Funds-Working Paper 112."


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