FYI: MainStay MacKay International Equity Fund (MSEAX) had a tough 2018. However, the fund’s leaders, like other foreign-stock managers, are optimistic that underpriced foreign stocks will create opportunities in the new year.
The $295.5 million mutual fund invests in foreign, high-growth equities and posted a negative return of almost 12% last year, which portfolio manager Carlos Garcia-Tunon ascribes to a number of factors. First, the fund has been hit by slowing economic growth in a number of countries. Second, rising U.S. interest rates have taken a toll, causing many foreign currencies to weaken against the dollar, which can eat into the performance of international equities in U.S. dollar terms. Third, the continuing trade-policy debate—notably between the U.S. and China—has had an impact on stocks around the world.
M* Snapshot MSEAX:https://www.morningstar.com/funds/XNAS/MSEAX/quote.html
Lipper Snapshot MSEAX:https://www.marketwatch.com/investing/fund/mseax
MSEAX Is Ranked #13 In The (FLG) Fund Category By U.S. News & World Report:https://money.usnews.com/funds/mutual-funds/foreign-large-growth/mainstay-mackay-international-equity-fd/mseax