T. Rowe Price International Discovery
Type: Foreign small/mid cap
2012 Return: 19.57%
Category Return: 11.44%
Investing in small-/mid-cap foreign companies is definitely risky. But over the long term, there’s likely to be strong gains.
An example is the T. Rowe Price International Discovery (MUTF:PRIDX) fund. Over the past decade, its average annual return is 15.54%.
Portfolio manager Justin Thomson is actually bullish on China. In light of signs of slowing growth, that’s a contrarian bet. But Thomson believes the time is right to snag bargains.
But he’s also seeing attractive investments in Europe, especially Germany and the U.K.