Kiplinger

With Oakmark International, Patience Pays Off

Foreign stock markets lost money over the past 12 months, despite a recent rebound. The MSCI All Country World index ex USA declined 7.2% over the one-year period through May 17. Oakmark International ()--a member of the , the collection of our favorite no-load mutual funds--sank 16.8%, which ranks it behind 99% of all funds that invest in large, foreign companies.

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