Mutual Funds Are Fat And Investors Are Happy

The odds are that most investors did not spend their summer traveling abroad. But they made a lot of money if their dollars took the trip. International equity funds outpaced funds that invest at home during the third quarter, continuing a trend that has been building throughout 1993. Some of the summer's brightest stars were the relatively new emerging-markets mutual funds, which venture afar into nascent capital markets, such as Brazil, Indonesia, and Turkey.

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