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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (24141)	3/7/1999 6:58:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Pinching Pennies Overseas: Cheaply Run International Funds by Bill Rocco International exposure is essential to a well-diversified portfolio. And with the U.S. market looking awfully pricey and most foreign markets outside of Europe looking rather cheap, it's probably not a bad time for investors who don't have--or don't have enough--international exposure to consider adding some. International funds tend not to come cheap, though. Whereas the expense ratio of the typical diversified U.S. equity offering is 1.41%, the average expense ratios for the various international-stock categories range from 1.79% to 2.23%, with the foreign-stock group enjoying the lowest ratio and the diversified Pacific/Asia group sporting the highest. Of course, there are some good reasons for the high costs of international funds--such as the fact that it takes more resources to research stocks from all over the world--but that doesn't lessen their negative impact on investors' pocketbooks. Fortunately, there are notable exceptions to the high-cost rule of international funds, and we identify several of them below. The following funds charge no sales fees and have expense ratios below that of the average diversified domestic-equity offering. They also have category ratings of 4 or higher, and the managers responsible for those records remain in place. Finally, these funds are accessible to retail investors; they all have investment minimums of $3000 or less. Morningstar Expense Fund Name & Ticker Category Ratio % Acorn International ACINX Foreign Stock 1.19 American Aadvant Intl EqPlan AAIPX Foreign Stock 1.14 Amer Cent Intl Growth Inv TWIEX Foreign Stock 1.38 Fidelity Diversified Intl FDIVX Foreign Stock 1.23 Fidelity Overseas FOSFX Foreign Stock 1.20 Harbor Intl Growth HAIGX Foreign Stock 1.02 Janus Worldwide JAWWX World Stock 0.95 Japan Fund SJPNX Japan Stock 1.21 Scudder Intl SCINX Foreign Stock 1.18 T Rowe Price Euro Stock PRESX Europe Stock 1.06 T Rowe Price Global Stock PRGSX World Stock 1.30 UMB Scout WorldWide UMBWX Foreign Stock 0.87 USAA Emerging Mkts USEMX Div Emg Mkts 1.31 Vanguard Euro Stock Index VEURX Europe Stock 0.31 Vanguard Intl Growth VWIGX Foreign Stock 0.59

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