50% of Long-Term Flows in 2006 Went to International Funds

More than half of all investments to long-term funds in the first 11 months of last year went to international funds, The Boston Globe reports. And even domestic funds are increasing their investments in international stocks.

On average, domestic funds have 5.7% of their assets invested outside the U.S., according to Morningstar. Large growth and value funds have the highest percentage of their assets in international stocks (7.6%) and small-cap value funds have the least (2.1%).

Surprisingly, the Growth Fund of America has 18.6% of its investments in stocks outside of the U.S. and the Dodge & Cox Stock fund has 15.8% in such investments.

A sampling of 25 of Fidelity Investments’ diversified U.S. stock funds found that they have an average of 14.3% in international stocks. Two of the largest holders are the Fidelity Contrafund, with 23.7% of its assets in international stocks, and the Fidelity Low-Priced Stock Fund, with 29.9.%.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.