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Look Abroad for These Bargain Names

Some foreign stocks, in a wide range of industries, are garnering 5 stars.

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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.

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Adam Zoll does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.