This year through October, most have kept pace within a few points of their peers, performing neither much worse nor much better. Emerging Markets isn't old enough to have a three-year record. Dresdner's 10 retail funds are no-load. They generally have reasonable operating expenses, with an average of 1.34 compared with the 1.38 average for all funds. Global Technology co-manager Huachen Chen was once an engineer at Intel.
Analysts work within global sectors.
Valuation is part of the equation, but not a big concern. As a division of Germany's Dresdner Bank, Dresdner RCM also draws on research from more than 50 analysts stationed overseas. In a slightly unorthodox twist, Dresdner sometimes calls on independent reporters who do research to order. It turned out that all 35 of those surveyed were trying to improve their warehousing and delivery systems, which offered supporting evidence for the fund's consumer-staples investment theme. But this year, at least, those kinds of research capabilities haven't much helped either International Growth or Dresdner's other international offerings.