WEALTHTRACK Promising Foreign Stocks From Award-Winning Manager Mark Yockey
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Sep 19, 2025 Mark Yockey, an experienced international equity portfolio manager and founding manager of the Artisan International Fund, shares insights on the promising comeback of overseas markets after years of U.S. dominance. He highlights undervalued growth stocks, emphasizing key sectors like defense and aerospace, and discusses the resurgence of European and Asian banks. Yockey also dives into global electrification opportunities and provides a thoughtful take on cryptocurrencies and consumer staples. His long-term pick, National Grid, stands out in a shifting investment landscape.
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U.S. Valuation Gap Creates Opportunity Abroad
- Mark Yockey says U.S. markets have become more expensive while the rest of the world has gotten cheaper.
- He looks for opportunities abroad when those opportunities become too cheap and buys them aggressively.
U.S. Growth Slowing, Multiples Diverge
- Yockey notes U.S. fundamentals are slowing while international growth is more aligned with expectations.
- He highlights a roughly 40% higher PE in the U.S. versus the rest of the world as meaningful.
Factor Geopolitics Into Stock Selection
- Don't ignore geopolitics; they change investor behavior and sector flows globally.
- Yockey says adapt by focusing on companies with differentiable products that benefit from geopolitical shifts.