Scudder New Europe has an above average 4 star rating. The table below shows how these funds compare to the average open-end European fund. To Date 1 Year 3 Years 5 Years Discount Avg. If the discounts return to normal levels and European stock prices recover from the collapse of Russia and worries in Asia, these funds will offer supercharged returns. It's like margin without the interest expense.
Discounts are as volatile as prices.
Check before you plunge. Questions of general interest will be answered in future columns.