Where the Hunt for Value Begins
International Manager of the Decade David Herro on the initial steps to unearth value and the crucial steps that follow.
John Coumarianos: Hi, this is John Coumarianos, senior mutual fund analyst at Morningstar, coming to you today from our studio in Chicago. And I'm delighted to have David Herro with us. David is, of course, the winner of our International Manager of the Decade award. And we awarded David this prize based on his work on three funds: Oakmark International, Oakmark International Small Cap, and Oakmark Global Select.
The first two funds have 10-year records. Oakmark International has produced a 119% cumulative return from January 1, 2000, through the end of 2009, while Oakmark International Small Cap has produced a 162% cumulative return over that time. And all that while, the MSCI EAFE Value Index has produced a 41% cumulative return.
John Coumarianos does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.