European multinationals are still some of the cheapest companies in the global universe today, says the Oakmark International manager.
With Bill Nygren and David Herro at the helm, Silver-rated Oakmark Global Select has bested more than 90% of its peers on both a total return and risk-adjusted basis.
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.
Although major indexes remain elevated, these funds could be good places to put money to work in the present market environment.
Investors who want to keep costs down while still enjoying active management can choose from these analyst-approved offerings.
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 ...
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