Look Abroad for These Bargain Names
Some foreign stocks, in a wide range of industries, are garnering 5 stars.
You wouldn't know it by reading the headlines, but 2012 has been a relatively good year overseas--investmentwise, that is. Despite ongoing worries about Europe's sovereign debt crisis and slowing growth in China, a quick scan of foreign-stock indexes shows decent performances amid all the gloom and a rebound from a dismal 2011, when foreign developed markets lost 12% and emerging markets lost 18%.
Even after a rough past week, the MSCI EAFE Index of developed markets outside the U.S. and Canada was up 8.4% year to date through Nov. 14, while the MSCI Emerging Markets Index had tacked on 7%. These results might not be cause to break out the champagne, but they're certainly better than one might expect given all the pessimism about the global economy.
Adam Zoll does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.