The location of a company's headquarters doesn't tell the whole story.
Unless a fragile market triggers outflows, the Oakmark International fund is likely to remain closed to retain its flexibility and concentrated portfolio, says manager David Herro.
The fund's plain-vanilla focus on company fundamentals allows it to uncover value in any kind of stock and has contributed to its long-term outperformance, says Morningstar's Shannon Zimmerman.
The following is an excerpt from Morningstar's Premium Analyst Report for Oakmark International OAKIX, a foreign large-blend fund that receives a Gold Morningstar Analyst Rating. Morningstar.com Premium Members can click here to see the full Analyst Report. Not a Premium Member? Take a free ...
The Oakmark manager notes how a long-term view, with strict buying and selling discipline and preparedness for short-term weakness, has allowed his international fund to beat its peers.
Morningstar readers share how they're focusing on income producers in their retirement accounts while others address what they're doing with cash in a fully valued market.
Some readers carve out specialized emerging-markets stakes, while others are content with the indirect route.
By making good use of their flexible approaches, these funds demonstrate that active management can work.