SunAmerica has launched a focused international fund that takes the ten top stock picks from each of three different managers. The Focused International Portfolio leans towards large cap companies but invests in all capitalization sizes of firms in developed markets outside the U.S.
Although both U.S. and foreign stock markets have been steadily losing ground, SunAmerica is presenting its newest fund as an opportunity for bargain-hunting investors.
"Investors may be further attracted to international investing now because of lower valuations,"said Peter Harbeck, president of SunAmerica Mutual Funds, in a statement. "For long-term investors,
The three portfolio managers and sub-advisors are: David Herro, managing director of international equities at Harris Associates. Herro also serves as portfolio manager of the Oakmark International and International Small Cap Funds; David Antonelli, senior VP and director of international equity research at MFS. Antonelli is also portfolio manager of the MFS Research International Fund; Thomas Moore at State Street Research. Moore also serves as head of the international equity team and portfolio manager of the State Street Research Concentrated International and International Equity Fund.