Investment

In recent years, plenty of investors poured into emerging market stock funds. The new shareholders hoped to profit from the boom in developing countries, such as China and Brazil. But their high hopes were dashed by the credit crisis. During the 12 months ending in February, emerging stock funds lost, on average, 57.7 percent, their worst showing since Morningstar began tracking the category in 1990.

byStan Luxenberg, Special Contributor