Like its predecessor the UMB Scout International Fund, the UMB Scout International Discovery Fund (launched on December 31, 2007, with the ticker UMBDX), looks to invest for the long term in stocks that present good growth prospects at a decent price–stocks of companies that "we can live with," says Jim Moffett, lead manager for both portfolios.
However, unlike its predecessor, the UMB Scout International Discovery Fund invests in small- and mid-cap international stocks, both of which have become more readily available as the global economy has grown to encompass a greater number of nations.
