Boston Partners Emerging Markets Long/Short Fund (BELSX)
Morningstar category: Long/short equity
YTD performance: 22.65%
Three-year performance (annualized): new
Expense ratio: 2.00%
Picking which stocks to go long and which to go short is hard enough, but doing so with emerging markets is even harder. While the fund’s record is good, it’s less than the 29.83% gain for diversified emerging markets funds. The acid test will be when emerging markets sell off – which hasn’t happened in this fund’s lifespan yet.