Oakmark to Re-open International Funds

Posted by Sun on December 24, 2007
Advertisements

Investors will soon be able to invest in Oakmark’s two international funds again.

I received an email from Oakmark Fund yesterday which announces that two previously closed international funds, International Fund I (OAKIX) and International Small Cap Fund (OAKEX) will re-open to new investors on January 2, 2008.

Both funds are managed by David Herro, who was named Morningstar’s 2006 Manager of The Year International. According to Morningstar, the reason for the re-opening of the two funds, which has been closed since 2003 and 2002, respectively, is “Herro’s strict value style caused both funds to struggle mightily relative to peers in 2007.” Year-to-date, OAKIX has a mere return of 1.7% while another popular international fund, Dodge & Cox International Fund (DODFX) gained 12.4% so far. And with an expense ratio of 1.10%, OAKIX is much more expensive to own than DODFX OAKEX’s 2007 return is a -5.7%, though the fund has very impressive performance from 2003 to 2006.

I own DODFX and am very happy with its performance. Better yet, the fund is still open.

If you found information on this Diary helpful, please consider subscribing to the full RSS feed (What's RSS feed?), or enter your email below to receive free daily update.

Your address is secure and will only be used to deliver the contents of this Diary. You can unsubscribe at any time.

Related Articles You Don't Want To Miss
Categories : Investing, Mutual fund

Comments

No comments yet, but your thoughts are always welcome.


Share Your Thoughts
Your opinion matters. Please use the form below to share your thoughts on Oakmark to Re-open International Funds with us.

(required)

(required)


invisible tracker