That's what's driven David Nadel of the Royce Value Global fund and his 2010 returns of ^35%.
He seeks out foreign companies poised to do big business. He watches demand and need for the services those companies provide. Many of them don't trade in the U.S., but you can buy them through a broker who deals with foreign stocks, OR, simply invest in Nadel's fund which, in the third quarter alone, rose a solid 20%. Of course, past performance is no guarantee of future returns, but he's had a great 2010.
Nadel's favorite picks are below, and gang, as always, Happy New Year!
Medusa Mining (MML on the Sydney Australia stock exchange)
- Australian gold-mining company
- $1.3 billion market cap
Santen Pharmaceutical (4536 on the Tokyo Japan stock exchange)
- Japanese and Chinese #1 in eye-related pharma; founded 1890
- $3.0 billion market cap
Mayr-Melnhof (MMK on the Vienna Austrian stock exchange)
- Global #1 in recycled carton-board, and European #1 in folding cartons
- $2.5 billion market cap
TGS-Nopec (TGS on the Oslo Norway stock exchange)
- Provides seismic data to oil companies for offshore drilling
- $2.3 billion market cap
- Houston TX-based, but trades on Oslo