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Fund Spy

How Have These Highly Touted Global Funds Fared So Far?

Most of these world-stock funds have gotten off to good starts.

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Mutual fund investors have considerably more global-equity options than they did five years ago. Since the end of 2005, the world-stock category has grown to 241 from 131 offerings.

Unfortunately, many of the new funds started with undistinguished managers, unexceptional strategies, or other limitations, so there was little reason to expect a lot from them. And of the more promising ones, several just opened in the past year or two, and therefore their performance records are not lengthy enough to evaluate yet.

However, a handful of the newer world-stock funds started with seasoned and skilled skippers, distinctive disciplines, and other strengths and do have long-enough records to evaluate. Among the class of 2006 or 2007 were  Artisan Global Value (ARTGX),  Harbor Global Value (HIGVX),  Marsico Global (MGLBX),  Oakmark Global Select (OAKWX), and  Thornburg Global Opportunities (THOAX).

William Samuel Rocco does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.