5 Stocks Top International Managers Have Been Buying
These medalist managers from Artisan, Dodge & Cox, and Vontobel picked up Internet giants, depressed energy stocks, and a European telecom last quarter.
It sure is good to be an international investor these days. As of this writing, the MSCI EAFE Index (a broad measure of foreign-stock performance) has outperformed the S&P 500 17% to 10% for the year to date. As a group, emerging markets are doing even better. Investors have taken notice: Flows into foreign-stock funds surged during the first half of 2017.
Many would argue that the party has just gotten started. Despite this year's runup, the MSCI EAFE Index still lags the S&P 500 by a substantial margin for the trailing 3- and 5-year periods, suggesting that foreign stocks may have more room to run.
Susan Dziubinski has a position in the following securities mentioned above: DODFX. Find out about Morningstar’s editorial policies.