Our Five Nominees for International-Stock Manager of the Year
The five 2010 nominees are a diverse lot.
2010 is drawing to a close, which means it's time for us to announce our three sets of finalists for Morningstar Managers of the Year. We named the nominees for domestic-stock manager of the year in this column yesterday, and we will list the contenders for fixed-income skipper of the year in this space tomorrow. Here, we will highlight the finalists for international-stock manager of the year.
International-stock managers have faced a challenging environment in 2010. Sure, many developed markets are on pace to post high-single-digit returns this year, and most emerging markets look set to earn low-double-digit gains. Such results may well seem rather staid after an awful 2008 (when nearly all of the world's exchanges suffered huge losses) and terrific 2009 (when the majority of markets around the globe posted enormous gains). But most developed and emerging markets have gyrated up and down this year, and there are notable outliers in most regions as well as major variations across the market-cap, sector, and style spectrums. The typical overseas small-growth fund has gained 18.8% for the year to date through Dec. 9, in fact, while the average foreign large-value fund has returned 5.4%.
But a good number of foreign-equity skippers have navigated 2010's rather demanding conditions quite well and delivered good returns. Many of those also have the various other qualities we demand from our fund Manager of the Year nominees, including long-term records of superior performance, commitments to sound and distinctive strategies, and other strengths. Therefore, the competition to be a finalist this year was fierce.
William Samuel Rocco does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.