has put together a fund of funds for investors seeking exposure that is more international. The Oppenheimer International Diversified Fund will initially invest in five of seven Oppenheimer funds.
The fund is intended to provide a simple, complete solution for investors seeking to build a diversified international portfolio, explained George R. Evans, OppenheimerFunds' director of International Equities.
"With more than 2,000 international mutual funds available in a variety of asset classes, market caps and styles, selecting the right mix can be both a complex and time-consuming process," said Evans. "Oppenheimer International Diversified Fund, through its fund of funds approach, provides investors with a simple way to participate in the international large-cap growth, large-cap value, small-cap, emerging markets and international fixed income categories by investing in just one product."
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