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Our Five Nominees for International-Stock Manager of the Year

This year's quintet has distinguished itself in tough conditions.

Mentioned: , , , , , , , , ,

December has rolled around again, and it's time for us to select the Morningstar Managers of the Year for 2011. We revealed the finalists for Fixed-Income Manager of the Year on Monday, Dec. 12, and we'll announce the nominees for the Domestic-Stock Manager of the Year on Thursday, Dec. 15. Today, we'll name the contenders for International-Stock Manager of the Year.

2011 has been rough on managers who focus on equities abroad, as a rash of macroeconomic problems has left nearly all foreign stock markets well in the red for the year to date through Dec. 8. Foreign large-cap funds and foreign smaller-cap funds have fallen 12% to 15% on average, primarily because of Europe's debt crises and related woes. Diversified and regional emerging-markets funds have lost 18% to 24% on average because of worries that economic weakness in the developed world could undermine their growth. Concerns about inflation in China and India have also weighed heavily on these markets.

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