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Fund Spy

Why Are Europe Funds Down When Sentiment Is Up?

Despite (mildly) positive news, the category rankings tell a different story.

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One week into August, the 2014 performance of certain international-stock funds raises a number of questions. Perhaps the most eye-catching figures come from the top- and bottom-ranked Morningstar Categories.

India Rising
The best performer in 2014 by far is the India-stock group, which has soared 27% for the year to date through Aug. 7. That's a stunning turnaround from 2013, when India funds, which only a few years earlier had struck many global observers as the most appealing emerging-markets play around, suffered an 11.2% loss. Among the 16 international-stock categories, only the Latin America group fared worse.

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