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Look Abroad for More Profitable Value Opportunities

These noteworthy stocks offer a compelling source of foreign exposure.

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Following a strong runup in equities, Morningstar's market fair value graph indicates that stocks, in aggregate, are looking slightly overvalued right now.

Yet some bargain-hunting fund managers are seeing notable opportunities beyond the United States.

In their most recent shareholder letter, Longleaf managers Mason Hawkins and Staley Cates remarked that  Longleaf International  (LLINX) features a lower cash position and a more compelling price/value ratio than Longleaf's two domestically focused funds. Global fund manager David Winters of  Wintergreen Fund (WGRNX) echoed this sentiment in a recent video interview.

Esther Pak does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.