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
. 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.
Janus Adviser International Growth on the list. The fund is run by the same team and in the same style as
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