Funds That Rate an 'A' for Excellence
To help you choose an offshore equity fund, BUSINESS WEEK crunches performance numbers and assigns one to three upward-pointing arrows to those whose returns have been better than average and whose volatility has been low over the past five years. Another way to select funds is to grill their managers and comb through their portfolios to try to dope out their chances of future success. While that is nearly impossible for individual investors to do, Standard & Poor's Fund Research (like BUSINESS WEEK, a unit of The McGraw-Hill Cos.) rates funds by this method. S&P rates funds AAA, AA, or A for their performance relative to others in their sector. Here is a list of funds that have earned A, AA, or AAA ratings from S&P that have also won at least one upward pointing arrow from BUSINESS WEEK. FUND S&P BW SECTOR RETURNS* RATING 1 YEAR 5 YEARS FIDELITY FDS. EUROPEAN GROWTH AAA !! Europe 32.82 21.36 FLEMING FF AMER. FLEDGLING AAA !! U.S. 30.42 20.54 FLEMING FF AMERICAN AAA !!! U.S. 43.74 27.92 FLEMING FF U.S. DISCOVERY AAA !!! U.S. 32.63 23.92 JF AMERICAN GROWTH AAA !!! U.S. 45.03 26.68 ORBIS GLOBAL EQUITY AAA !! Global 30.41 20.51 ORION AAA !! N. America 23.72 21.55 PACTUAL ETERNITY AAA !!! Brazil 46.46 36.68 PACTUAL INFINITY AAA !!! Brazil 39.60 25.33 PERPETUAL U.K. GROWTH AAA !! U.K. 29.46 21.77 SCHRODER ASIA H.K. AAA !!! H.K. 51.57 26.03 SCHRODER INT. SEL. U.S. SM. COS. AAA !!! U.S. 34.56 28.99 SCHRODER LATIN AMERICAN AAA !!! Latin America 47.10 25.42 GAM EMG. MKTS. MULTI-FUND AA !! Emerging Mkts. 37.42 22.39 GT EUROPE A AA !! Europe 27.33 20.17 GT INVESTMENT A AA !! Global 17.10 20.26 HSBC GIF CHINESE EQUITY AA !!! China 92.38 28.95 INVESCO PS ASIA TIGER GTH. AA ! Far East/Pac. 1.98 18.28 MFS MERIDIAN GLOBAL EQUITY AA ! Global 26.81 17.18 MFS MERIDIAN U.S. EMG. GTH. AA !!! U.S. 30.92 26.81 PERPETUAL AMERICAN GTH. AA !! N. America 21.87 20.39 PERPETUAL EMG. COS. AA !! Global 11.28 19.46 THORNTON NEW TIGER H.K. AA !!! H.K. 41.89 30.36 HSBC GIF H.K. EQUITY AA !!! H.K. 70.84 34.19 BRAZILIAN INV. CO. A !! Brazil 43.75 21.25 FIDELITY FDS. H.K. & CHINA A !! H.K. 28.39 26.00 GAMERICA A !! U.S. 32.86 19.38 RG EUROPE A !! Europe 43.01 19.06 ! BW Ratings, !!! is highest rating * Through Sept. 30. Includes appreciation, dividends, and capital gains. DATA: STANDARD & POOR'S FUND RESEARCH, MICROPAL LTD.
Updated Oct. 30, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.