[KongTheKonqueror]

I have a collection of various index funds in my IRA (S&P 500, MSCI EAFE, Lehman Aggregate Bond, and some REITs) to try to diversify as much as possible. I have a small amount (10%) in emerging markets. Just enough where strong growth will help out but if I loose it, it won't hurt me too bad. Right now the emerging market funds are in a mutual fund (U.S. Global Investors Eastern Europe (EUROX)) that invests primarily in Russia and former Soviet Bloc countries.

I have about $1,000 left to max out my IRA for the year and thought about investing in a different emerging market. After Tuesday, China doesn't look as promising as it once did and after going up 130% in a year, I doubt there is little room for any more exponential growth.

I was wondering if I could get some opinions on India? Every time I call any company for tech support, it is handled by someone in India. It seems like a lot of U.S. companies are outsourcing as much as they can to India and are pumping in a lot of money into the country. It just seems to me that their economy is primed for explosive growth similar to China. I was looking at Matthews India (MINDX) but am open to any other suggestions. The expense ratio is high, but most emerging market funds I have found have similar expenses. Or if anyone has any other ideas such as different countries, forgetting an emerging market fund and choosing stocks instead, etc... I would appreciate them.