8 Worst Performing Mutual Funds in 2024

4. T. Rowe Price Latin America I (RLAIX)

Mutual Fund’s 2024 Return: -22.72%

T. Rowe Price Latin America I (RLAIX) is a mutual fund that pursues long-term capital growth by investing in equity markets. It primarily focuses on stocks of companies listed in Latin America. Consequently, it invests 80% of its assets in Latin American companies. It also seeks to spread its risk by investing in equities in at least four countries.

The fund boasts a significant holding in the financial services sector led by investments in Itau Unibanco Holding SA Participating Preferred and Nu Holdings Ltd Ordinary Shares Class A. It also invests in Basic materials companies with significant exposure in the energy and healthcare sectors. The fund was under immense pressure in 2024, going down by about 22.72%, giving back a substantial chunk of the gains after returning 35.13% in 2023. The fund comes with a 1.08% expense ratio.