Word: oakmark
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...funds that long ago shut their doors to new investors are reopening. It's been years since anyone without an existing account could put money into some of the best-known names in the business, like Sequoia Fund, Dodge & Cox Stock, Longleaf Partners, Fidelity Magellan, Artisan Mid Cap Value, Oakmark Equityand Income, Vanguard International Explorer and Third Avenue Small-Cap Value...
Cundill, who runs Ivy Cundill Global Value Fund, is hooked on Nintendo. The maker of Game Boy, says Cundill, has a "pristine balance sheet." among lesser-known stocks is Takeda Chemical, a pharmaceutical maker that "allocates capital intelligently," says David Herro, manager of Oakmark International Fund. Tweedy, Browne's Shrager likes Eisai Co., another drug company, which he reckons is trading 30% to 40% cheaper than the shares of leading U.S. drugmakers...
...Stock Index) or a diversified foreign fund (such as T. Rowe Price International Stock). Remember that Japan makes up about 9% of the value of all world stock markets, according to Morgan Stanley Capital International. For most folks, a diversified foreign fund with roughly 10% in Japan is plenty. Oakmark International and Tweedy, Browne Global Value offer moderate exposure to Japan; Longleaf International lately has a bigger stake there. all three funds have reasonable fees--and no whiff of the scandal that has swept through the mutual-fund business lately...
...broadly diversified international mutual fund, such as Oakmark International or William Blair International Growth, helps blunt risk. If you can handle more volatility, consider a fund like T. Rowe Price Latin America to take advantage of that region's anticipated fast growth...
...good way to invest around the world is through a well-run global mutual fund. I would consider Oakmark Global, a no-load fund that plays the value game successfully, and broker-sold First Eagle Global, which has a good-size stake in industrial-materials stocks, the kinds that are most leveraged to a recovery. And one last but important point: some foreign funds spend money hedging against currency moves. Check yours because you don't want that. In the short term, the trend is in your favor, and long term it all evens...