Date updated:06-12-2007
BusinessWeek Magazine
Though global investing is hot, finding a solid foreign mutual fund is difficult. BusinessWeek has an "A" rating on 16 diversifed funds. Here are 5 of the 16 funds that still stand to reward shareholders with more profit:
For more sizzling funds see BusinessWeek.com

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ACINX
Columbia Acorn In - $33.99
- +1.22%
- $N/A
Columbia Acorn International Fund Z 5-Yr. Avg. Annual Total Return: 22.2% Expense Ratio: 0.94% Managers Zach Egan and Louis Mendes are long term investors who search the globe for high growth rates and strong balance sheets. Their 4.8 billion portfolio contains a bundle of 189 diverse stocks.

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PISRX
Forward Internati - $12.32
- +0.98%
- $N/A
Forward International Small Company 5-Yr. Avg. Annual Total Return: 25% Expense Ratio: 1.60% Pictet, a Swiss asset manager, has more than 42% of the $300 million portfolio in European Companies.

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JAOSX
Janus Overseas Fu - $41.38
- +0.95%
- $N/A
Janus Overseas Fund 5-Yr. Avg. Annual Total Return: 22% Expense Ratio: 0.91% Manager Brent Lynn concentrates on fast growing companies, with a current focus on Hong Kong, Brazil, India, and Japan. The $7.9 billion fund has a balanced mix of large, mid and small companies. Also, its low expense ratio makes it the cheapest foreign fund to own

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OSMAX
Oppenheimer Inter - $20.04
- +2.40%
- $N/A
Oppenheimer International Small Company 5-Yr. Avg. Annual Total Return: 31% Expense Ratio: 1.20% Seeing as nearly 40% of the $2.6 billion fund is invested in Canadian energy and mining stocks, the mutual fund focuses on investments in Asia and Canada, leaving little room for European stocks- merely 15%. Manager Rohit Sah likes young companies that have gone public within the past five years. One drawback for little investors: required minimum investment of $50,000

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PRIDX
T. Rowe Price Int - $37.80
- +0.99%
- $N/A
T. Rowe Price International Discovery 5-Yr. Avg. Annual Total Return: 25.9% Expense Ratio: 1.24% Jim Thomson invests nearly half of his $2.7 billion growth fund in European companies, along with 25% allocated to companies in the Pacific Rim. Thomson like growth companies such as: Financial Technologies, an Indian outsourcer of specialty financial software; Austar Communications, an Australian satellite-television company; and SGL Carbon, a German manufacturer of carbon, graphite and composite materials
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A. *correction - 4-star rating, but it was
5 for a long time up until recently.
A. The only one I own : SLX,
too hard pick a winner out all of them
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