Foreign stocks have substantially underperformed the U.S. market in recent years. The MSCI ACWI ex-USA index of foreign stocks returned just 3.52% annualized in the five years through June 30, compared to 12.31% for the S&P 500.
That has increased the attractiveness of foreign stocks, says Todd Morris, co-portfolio manager of Polen International Growth Fund (POIRX) – Get Free Report. The fund scored an annualized return of 2.06% in the five years through June 30, according to Morningstar.
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