A market-crushing fund manager shares his investing strategy and how to avoid landmines in international markets as Europe hurtles towards a recession

• The international economy is in rough shape with Europe, China, and emerging markets struggling.
• But Jim Nelson’s EuroPac International Value Fund has continued its dominant stretch.
• Here are Nelson’s secrets to successfully investing in foreign stocks.

Although the economic outlook for the US is grim, it’s far rosier than what’s happening overseas.

Europe appears destined to enter a recession, Chinese markets are melting down as President Xi Jinping further consolidates power, and emerging markets remain in turmoil.

Amid that chaos, foreign stocks have suffered. Last decade was a disappointing one for international stocks relative to their US peers, and the 2020s haven’t been much better so far.