23jan-kplinger-Dodge & Cox International Stock: Steady Excellence
The newest offering from this fund stalwart could help you build up your foreign holdings.
By Andrew Tanzer
January 22, 2007
""Fund management the Dodge & Cox way means subjecting portfolio companies and candidates to intensive, exhaustive research. When the San Francisco firm's analysts and fund managers studied U.S. corporations in the 1990s, they noticed that a growing share of their earnings was coming from abroad as a result of a globalizing world economy. So they began to spend time studying foreign companies to better understand their U.S. rivals. Out of this grew Dodge & Cox International Stock, launched in 2001.
This fund has been a roaring success. Dodge & Cox International has ranked within the top 30% of its international category in each of the past five years, gaining 21% annualized during that period, an average of seven percentage points per year ahead of its peers. International bears the hallmarks of the other Dodge & Cox funds: solid results, modest portfolio turnover and low fund expenses.
What you get with Dodge & Cox International is a nicely diversified fund containing some of the world's best businesses; for example, HSBC Holdings, Nokia, GlaxoSmithKline and Hitachi are among the fund's top ten positions. And here's the best news: unlike Dodge & Cox Stock and Balanced funds, International is still open to new investors.""
for info:
http://www.kiplinger.com//columns/fu...dwatch0122.htm
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