| Best of the Best: Today's Top Investment Ideas |
| Global gains from Goodall |
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| Monday, 30 June 2008 | |
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"The Fidelity Nordic Fund (FNORX) invests mainly in companies in Scandanavia and Northern Europe. If you're portfolio includes funds that pinpoint specific regions, then this is a good one to consider. "Its portfolio holds a total of 32 companies and the top ten holdings consistute just over 49% of the total portfolio. Its largest investments are in Sweden (34%), Finland (20%), Norway (17%) and Denmark (8%). Its major holdings include Noka, Nokian Renkaat, Nordea Bank, Ekektra and Tara International. "The funds good returns have included considerable year-t-year-volatility. The fund return 23% in 2007, 36% in 2006, 18% in 2005 and 32% in 2004. However, we caution that the fund also lost 18% in 2002 and 27% in 2001. "For a specialized fund of this type, it has a reasonable 1.03% annual expense ratio. The minimum invest is $2,500 for regular accounts and $500 for retirement accounts. "We also recommend T. Rowe Price Latin America Fund (PRLAX), which is a holding in our long-term dollar cost averaging portfolio. The fund has provided good returns in recen tyears for investors willing to accept risk and volatility. "The fund has returned 13% so far in 2008. It returned 48% in 2007, 51% in 2006, 60% in 2005 and 38% in 2004. We caution that the fund lost 18% in 2002 and 1% in 2001. "Its largest investments are in Brazil (65%), Mexico (26%) and Chile (4%). Its major holdings include America Mobile ADR, Petroleo Brasileiro, Companhia Vale Do Rio Doce and Wal-mart de Mexico. "The fund can go down as rapidly as it went up, but dollar cost averaging investors should remember that volatility can lead to profits in the long-term. The minimum investment is $2,5000 for regular accounts and $1,000 for retirement accounts." Editor's note: For subscriber information to No-Load Portfolios, contact Leonard Goodall via mail at Portfolio Strategies Inc., 8635 W. Sahara #420, The Lakes, NV 89117 |
"Most investors should hold some foreign positions in their portfolios," says Leonard Goodall in his No-Load Portfolios. Here, he looks to Latin America and Northern Europe.
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