Source: Chicage Tribune

By Andrew Leckey, a Tribune Media Services columnist

International investing used to be a nice thing to do, a diversification move that indicated you were a little more sophisticated than the average investor.

But it is becoming a mainstream strategy designed to snare better returns than the U.S. stock market. The money that poured into international mutual funds throughout 2006 turned out to be smart money.

As the year draws to a close, large-cap international value funds and emerging-markets funds alike have averaged gains of nearly 30 percent, according to Lipper Inc. That compares with around 13 percent for diversified U.S. funds.

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Posted by pichu at December 24, 2006 6:42 PM