While the average U.S. stock fund rose 16.6% the average international stock fund rose 17.4% in the third quarter, the two best-performing categories were Latin American funds (up 26%) and global real estate funds (up 23.2%), according to data from Morningstar.

Other strong performers were European stock funds (up 21.7%), diversified emerging markets funds (up 19.8%) and foreign small-cap and midcap funds (both up 19.6%).

Since the bottom of the market on March 9, Latin American funds have soared 115%, emerging market funds have delivered 90.9%, U.S. stock funds are up 63.2% and international stock funds have delivered 74.6%.

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