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The Reasoning Behind Our Newest International-Stock Category

You might call it improvement by subtraction.

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As we do from time to time, Morningstar has created a new international-fund category. The new group, which goes by the catchy name "miscellaneous region," consists mostly, though not exclusively, of single-country funds.

Although creating a new category is a common occurrence at Morningstar as fund companies continually explore different areas of the investment landscape, our reason for carving out this one was somewhat different from the norm.

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