What is the benefit of putting your money into an overseas mutual fund? What is a good one?

I live in australia and I have heard about the benefits of investing in a mutual fund, particularly one overseas. Can someone shed some light on this for me, and name some particular countries worth looking into as well as some specific funds? Thanks

As a Wall Street Bond trader i will tell you this.. Mutual funds are a collection of assets most common people couldn't afford to buy. The fund is a collection of all of these assets combined and you own just a small piece of it.. As far as oversea is concerned, I am not aware of the Tax structure in Australia mate, but here in the US, the benefit is the tax is not reported to our US government. The funds which I like right now are those that invested in assets in China, India and Latin America.. and believe it or not Australia is a good location too!!.. Start out small and try to invest in a no load fund which means more our your Aussy dollar is put to work first and based on performance the fund manager is paid later.. Also, most of these fund managers cant even beat the simplest of index to which they measure their performance on.. Keep a close eye on FEES!!!.. They add up quickly and take a huge cost of your hard earned dollars away from working for you.. Good luck

I would go to a large company like T. Rowe Price, or American Funds. They have mutual funds of all varieties. Let them do the worrying and investing for you.

T.Rowe Price has a Latin America fund that rocks, and an Emerging European Markets fund. Min. investment is $2500 or $1000 if it is an IRA

American Funds has Europacific, which has done really well. Min. invest. is $250, but there is a 5.76 sales charge. With Europacific you overcome the sales charge pretty fast.

Dodge and Cox has some great funds as well. I find the benefits of the overseas funds are that they don't bend and sway with what the Dow is doing. Everything can be down, but those funds seem to stay up.

Just Google these companies and you can read the return information on these funds.

Benefits??? you will help the mutual fund company out, as far as making some money, you can forget about that.

Try Fidelity International Discovery Fund (outside US) and Fidelity Southeast Asia Fund. I keep my investments outside US unless they are in stocks of single companies that I know are doing well. I track these companies constantly. Of course China, India, Southeast Asia are going to grow more than US, generally speaking.