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Fund Spy

The First Half in International-Stock Funds

Brazil's rebound in 2016 boosts emerging-markets funds--especially those that target Latin America.

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More than usual, this review should come with a warning that the numbers you see below may have changed substantially by the time you read this column. It was written just after Friday, June 24, when the reaction to the United Kingdom's vote to leave the European Union sent many stock markets around the world plunging and led to wild rides for currencies, bonds, and commodities. The turmoil continued on Monday morning, and no one knows where the ride is going from here. 

Even so, while the dramatic events late last week changed the year-to-date performance figures for markets, Morningstar Categories, and individual funds, in general they did not reverse the overall trends that had been in place in the first half of the year. (Or, more precisely, since roughly mid-February, when markets began to rebound from the deep declines that had marked the first six weeks of the year.) For example, the Europe-stock category average tumbled from a 1.4% year-to-date gain after June 23 to a 6.4% year-to-date loss one day later--but it already had been one of the lowest-ranking categories before that decline.

Gregg Wolper has a position in the following securities mentioned above: SGOVX. Find out about Morningstar’s editorial policies.

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