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5 Top Mutual Funds So Far in 2012

Hot categories include health care and emering-market debt

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TCW Emerging Markets Income

Category: Emerging-Market Bonds
Fund Return for 2012: 15.98%
Category Return for 2012: 13.01%
Assets Under Management: $5.1 billion

While it has been a rocky year for stocks in emerging markets, the story has been different for their debt.

Global investors have been searching for higher yields, and one of the beneficiaries has been the TCW Emerging Markets Income (MUTF:TGEIX) fund.

Portfolio managers Penny Foley and Dave Robbins invest in a wide array of debt, ranging from high-quality sovereign securities to high-risk corporate junk bonds. But the pair have been able to navigate risk well, averaging 14.4% returns in the past three years.

The current yield of 5.56% is attractive, but keep in mind that a big part of this year’s 16% gains has come from the rise in the values of the underlying bonds.

TGEIX is a no-load fee that charges 0.87% in expenses and requires a $2,000 minimum investment.

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