April 02, 2013 at 18:19 PM EDT
Foreign Funds Up 4% In Q1: Five Countries To Buy Now
Foreign mutual funds lagged their U.S. peers this year as the Cyprus bailout and fears of slower growth in China roiled global markets. The average world equity fund added 0.88% in March and 3.86% the first three months of the year as Japan's outperformance offset losses in Europe and emerging markets. Japan funds soared 6.15% in March and 12.75% year to date as a weak yen juiced exports. CurrencyShares Japanese Yen Trust (FXY), measuring the yen
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