Funds that invest in foreign stocks have had a banner year, but how good a year depends on investing style.
Overseas, value-priced shares did twice as well as their growth counterparts over the past 12 months. That goes some way to explain why Fidelity International Growth (FIGFX) — a member of the Kiplinger 25, our favorite no-load mutual funds — with a 12-month gain of 15%, kept pace with its peers (large foreign growth stock funds) and its benchmark, the MSCI EAFE Growth Index, but lagged the broad MSCI EAFE bogey, which increased 23% over the same period.
