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Herro: Look to Europe for Value

European multinationals are still some of the cheapest companies in the global universe today, says the Oakmark International manager.

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Note: This video is part of Morningstar's 2015 International Investing Week special report.

Jason Stipp: I'm Jason Stipp for Morningstar. It's International Investing Week on Morningstar.com, and today we are checking in with David Herro--manager of the medalist-rated Oakmark International (OAKIX), International Small Cap (OAKEX), and Global Select (OAKWX)--to get his take on the international markets and where he is seeing opportunity today.

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