Morningstar's Fund Spy lists three quality international funds that had a tough 2006 but that their analysts think will perform well going forward:
Today, we'll take a closer look at three such laggards that we think continue to be superior offerings, as their proven long-term concepts and people remain in place and their outlook for future success is positive."
Their picks are:
MAXfunds gives UMB Scout International a MAXrating of 82, the Mainstay ICAP International Fund a MAXrating of 88, and Masters Select International Fund a MAXrating of 69. Master International is currently closed to new investors. For a list of our highest rated International funds, click here.
"The MAXfunds approach stands in stark contrast to other fund-ranking outfits. The rating system also has a strong contrarian streak. As everyone who's ever read a mutual-fund advertisement knows, 'Past performance does not guarantee future results.' Why then do most fund-ranking outfits rely so heavily on past performance in picking favorites?"
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