Analyst Pick Artisan International Value Closes
Plus, Fidelity launches distinctive muni funds, PIMCO cuts fees, and more.
Artisan International Value (ARTKX), an Analyst Pick in the foreign small/mid-value category that has seen inflows of around $1.9 billion since early 2009, closed to new investors this week. The fund has a history of prudent closures; it was closed from early 2007 through early 2009 due to significant inflows.
Managers David Samra and Daniel O'Keefe, Morningstar's 2008 International-Stock Managers of the Year, ply a low-turnover, value-oriented strategy with a compact portfolio of 40 to 50 stocks. The fund is the category's second-best performer since its September 2002 inception.
Courtney Goethals Dobrow does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.