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A Flexible Fund for Investors Playing the Long Game

This international-stock fund may deviate from its peers and sometimes underperform, but it has a track record for rewarding long-term investors.


Jeff Holt: This week's [Morningstar] Medalist is Manning & Napier World Opportunities. It’s an international-equity fund that has [a Morningstar Analyst Rating of Gold]. This fund is very flexible relative to its peers from a country, sector, and market capitalization standpoint. They've been consistently heavy in European stocks. But they've trimmed that exposure a bit, and they've found more opportunities in Latin American stocks. They've consistently been underweight and pretty light on Japanese stocks.

From a sector standpoint, they have a significant overweight in consumer staples stocks--particularly grocers and brewers. They are also pretty heavy in energy stocks and have also been very light on financial stocks.

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