A (Slightly After) Midyear Roundup of International-Stock Funds
Dire headlines but decent performance.
Pundits routinely note that Americans tend not to pay much attention to developments in foreign countries. But U.S.-based investors couldn't avoid hearing plenty of international news thus far in 2012. The continuing travails of Europe and the potential consequences of slowing growth in China have dominated the financial headlines for much of this year.
With that in mind, when we check in two weeks after midyear, it's noteworthy that the results for internationally focused stock mutual funds have been, though not spectacular, far healthier than one might guess. That doesn't mean macroeconomic concerns are unwarranted. But it does indicate how political, economic, or social developments don't necessarily translate into stock and fund returns, especially in the short term.
Gregg Wolper does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.