Offers potential for high current income and capital appreciation by investing primarily in high-yielding, high-risk bonds in emerging markets in Latin America, Asia, Europe, Africa, and the Middle East.
Bonds from emerging markets can offer yields that are higher than those provided by high-quality U.S. and foreign bonds, as well as higher capital appreciation potential.
Involves a high-risk approach to income from foreign bonds, and its share price could fluctuate significantly.
Subject to the risks unique to international investing, including unfavorable changes in currency values, as well as interest rate and credit risks normally associated with investing in bonds.
Those seeking high current income and capital appreciation, as well as greater diversification for their fixed income investments who can accept the volatility and special risks inherent in international emerging markets investing, including currency fluctuations.
Appropriate for both regular and tax-deferred accounts, such as IRAs.