Some Like it Hot
Spice up your portfolio with a Latin American fund.
While there's money to be made south of the border, it's best to invest in Latin American funds in small doses.
That said, how can you not love the returns from T. Rowe Price's Latin America fund (PRLAX)? As of December 23, 2005, its year-to-date total return was plus 60.69 percent. Look at its three-year history and, according to Morningstar, that average annual total return is 50.92 percent. Go back five years, and it's 24.2 percent. That's still a mighty return on an investment, but it's half that of the three-year average. And therein lies the truth of all Latin American fund investing: The region, like this fund, is hot-blooded.
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