Emerging markets debt
There's a little diversified emerging markets debt fund I follow, FNMIX. It took a dive, 30 or 35%, in the latter part of '08, following along with the rest of the world credit markets.
But since then it's rebounded to within a percent or two of its all-time highs. The trajectory is rocket-like and shows no sign of slowing down.
Looking for ideas on how to play the strength in these emerging markets. A friend - a friend who ought to know - suggested Total Access (DTAC on the Singapore exchange). They're the #2 (i.e., the non-government) player in Thailand's wireless system. Others have suggested Indonesia as a comer, that even after all the ruckus, is still slated to grow 3.5-4% this year all told.
What do you, my faithful reader, like lately as an emerging market play? (And how do you trade foreign stocks that aren't ADRs? I wouldn't mind finding a decent international broker - but who?)