Meet the Street: Go East, Says Fund Manager

For an analysis of the world markets, Meet the Street sat down to chat with Jeff Everett, the globe-trotting manager of the (TEMWX Quote)Templeton World Fund and the (TEMFX Quote)Templeton Foreign fund.

While his funds are down for the year, they have done well relative to the international market indices. Templeton World fund is down 9.5% this year through November, while its benchmark Morgan Stanley Capital International (MSCI) Index is down more than 17%. The Foreign fund, meanwhile, was down about 9.8% through November, while its benchmark MSCI EAFE (Europe, Australasia and Far East) index is down 21% for the same period.

Everett is particularly enthusiastic about China, which he believes will usher in a strong bull market in Asia in the near future. He also justifies some of his other stock picks and describes why he especially likes the insurance industry. ...