WAESX is a mutual fund that focuses on investing in emerging markets. It is managed by Wasatch Advisors and aims to provide investors with exposure to high-growth companies in developing economies. The fund seeks to identify undervalued companies with strong growth potential and a competitive advantage in their respective markets. With a diverse portfolio and a long-term investment approach, WAESX offers investors the opportunity to participate in the growth of emerging markets while managing risk through active management.