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DaveC said:Good afternoon, what are your favorite international stock funds. Thanks in advance.Dave C.
Good afternoon, what are your favorite international stock funds. Thanks in advance.Dave C.
TheShadow said:GISYX and BCSVX are also some good options. You haven't indicated what are you looking for: small, mid or large cap? Growth vs Value? Taxable vs non-taxable accounts?
GISYX and BCSVX are also some good options. You haven't indicated what are you looking for: small, mid or large cap? Growth vs Value? Taxable vs non-taxable accounts?
LewisBraham said:QUSOX I think is interesting for foreign small-value.
QUSOX I think is interesting for foreign small-value.
Vanguard INTERNATIONAL Growth Fund. How are Tesla and Amazon considered international equities?
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In fairness, I think part of what's going on is the season we're in and after November this will dissipate somewhat.
You haven't indicated what are you looking for: small, mid or large cap? Growth vs Value? Taxable vs non-taxable accounts?
For low fee and consistent performance, Vanguard International Growth fund, VHIGX, is a good choice. The Admiral share has even lower fee. VHIGX has 22% emerging market 14% US exposure while the rest are in developed market.
On the value side, the new Vanguard Global Wellington, VGWLX, is a global allocation fund with 65/35 stocks/bond. This fund held up well in March drawdown and it is the most conservative of the three listed here.
For smaller cap global exposure, Grandeur Peak Global Stalwarts Fund, GGSOX, is a solid choice with consistent performance. The portfolio has 14% emerging market and 45% US exposure. The ER is higher than the Vanguard funds above.
That helps. I didn't know whether you were looking for a core fund or a good esoteric fund.
For the past several years, the more growthy a large cap international fund has been, the better it is likely to have done. This difference is not small, the margin is huge. The average category returns (per M*) over the past five years are: LCG 9.62%, LC Bl 5.28%, LCV 2.36%.
There's no guarantee this will continue, and using a large cap blend fund is a good way to hedge your bets. Even within this category, though, the more the fund leans toward growth, the better its history will look.
With that in mind, a fund worth considering is MDIDX. It's a fund of funds from MFS, a good family for international funds. While M* considers it a blend fund, it has been a bit growthy and Lipper classifies it as a multi-cap growth fund. But it just added MKVHX (LCV) as one of the funds it holds, and adjusted its allocations so that the fund should be an "honest" blend fund going forward. Part of that adjustment was to increase its EM component weight to 17.5% which is reasonable for a core fund unless you want to have a separate EM fund and control that allocation yourself.
It has a somewhat smaller than average market cap, which is why Lipper considers it multi-cap rather than large cap. IMHO that's another plus for the fund, especially if one is looking for more of an all-in-one fund.
It is fairly tax efficient, so it can be used both inside and outside of an IRA. The ER of the fund is 1.11%, which includes the expenses of the underlying funds it invests in. That's a bit higher than I'd like for a large cap fund, but it's not outrageous.
If you want a more growthy fund, SCIEX is a fund that M* calls blend and Lipper calls large cap growth. It's managed by Schroeder, which is one of the two firms submanaging VWIGX, a fine large cap growth fund suggested by Lewis above. (However, SCIEX isn't great on tax efficiency.)
If you want a more value leaning fund, TROSX suggested by Mulder420 above, is a good prospect.
Virtually all of the funds suggested in this thread come from families with excellent reputations for international investing.
Like others here, I’m in FMIJX and riding it out... but not necessarily recommending it. Their market commentary is good but starting to sound like a broken record - either they’re failing to adapt to a new reality or they’ll eventually be proven right. Not sure I’d pay new money to find out.
Both articles consider active and passive funds.