Daily Screen: International Stock Funds

 

Today's Screen covers foreign stock funds. As you might imagine, these are defined broadly as funds whose managers focus on stocks based outside the U.S.

As usual, we've screened for funds that beat the category's average return over the past one- and three-year periods, according to Morningstar. The top 10 are ranked by one-year return in the first table. The pack that makes our list are among the category's more aggressive funds that have typically ridden high-octane growth stocks and/or small-cap stocks to higher returns than more conservative peers. On average, the 10 top foreign funds have more than half of their assets invested in tech/telecommunications stocks, according to their most recent portfolio reports.

You'll notice (JIGRX)Janus Adviser International Growth on the list. The fund is run by the same team and in the same style as (JAOSX)Janus Overseas, currently closed to new investors, and Janus Aspen International Growth, which were left off the list, despite their worthy performance, to avoid redundancy.

The second table lists the 10 most popular stocks among the funds on the top-10 list. It was compiled by creating an equally weighted portfolio of the 10 funds and screening for their 10 biggest holdings. Even though these funds have a broad range of companies and countries to choose from, they have many holdings in common and several are traded in the U.S.

The list includes the usual suspects from several of your favorite domestic or global growth funds, including networking shops Nortel Networks (NT) and JDS Uniphase(JDSU).

Leading Foreign Stock Funds
Among foreign stock funds that beat their average peer over the last one- and three-year periods, these 10 have the highest one-year return.
Fund 1-Year Return 3-Year Annualized Return
(BISIX)BlackRock International Small Cap 93.3% 40.5%
Pictet International Small Companies 83.3 28.7
(CSQAX)Smith Barney International Aggressive Growth 67.3 34.3
(PRIDX)T. Rowe Price International Discovery 62.6 35
(JIGRX)Janus Adviser International Growth 62.5 27.2
(FICDX)Fidelity Canada 59.2 10.8
(TWEGX)American Century International Discovery 57.2 28.3
(IYSAX)Ivy International Small Companies 53.2 14.5
(NAGUX)Pilgrim International Small Cap Growth 52.5 38.2
(PNVAX)Putnam International Voyager 47.1 31.3
Avg. Foreign Stock Fund -11.1 9.5
S&P 500 -0.6 16.5
Source: Morningstar. Performance through Sept. 27.

Under the Hood
The stocks with the biggest weighting in the combined portfolios of the funds listed above.
Stock Weighting in Winning Funds Number of Funds That Own the Stock
Nortel Networks(NT) 1.7% 3
BCE(BCE) 1.5 2
Marschollek, Lautenschlaeger 1 3
Intershop Communications 0.8 6
C-Mac Industries(EMS) 0.7 3
Celestica(CLS) 0.7 3
JDS Uniphase(JDSU) 0.7 3
Nippon Telegraph & Telecom(NTT) 0.7 1
Baltimore Technologies(BALT) 0.6 6
Vestas Wind Systems 0.6 4
Source: Morningstar. Holdings as of most recent portfolio reports.

>To order reprints of this article, click here: Reprints

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
New: ETF Profits
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,801.23 1,342.64 2,903.88 19.69
Oil *
117.67
DOWN
89.23
DOWN
9.31
DOWN
23.35
DOWN
0.78
10 Yr
1.97%
SPDR Gold
167.14
-0.69%
-0.69%
-0.80%
-3.81%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet