WITH FOREIGN STOCK RETURNS, STYLE MATTERS

KIPLINGER 25 UPDATE

- BY NELLIE S. HUANG

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, 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.