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In follow up to my blog last week about global investing, I ran across this article from Forbes on a the Tweety, Browne Global Value Fund that has beaten the MSCI index by 5% average over the past 17 years. They buy undervalued securities, and it looks like their strategy has paid off.
The MSCI index is made up of a group of companies that represent a market, in this case, the developed markets of Europe, Australasia and the Far East. By comparing the fund performance against the MSCI index, you are able to have better insight into their performance. There are many other factors to look at when you are considering an investment in any fund, but comparing the performance to the benchmark is one of the most important.