Charles Schwab Investment Management has announced the soon to be launched Laudus Rosenberg International Discovery Fund. This fund will focus on investing in international small to mid cap stocks which are normally characterized as having a market capatilization of between 2 and $10 billion dollars.

While investing primarily in developed markets, the fund will hold a benchmark-like allocation to emerging markets, currently about 15%. This fund follows the Laudus Rosenberg International Small Cap Fund, which was closed to new investors on December 31, 2005.

While investors with international holdings have tended historically to focus on large-cap stocks, research shows that over the past five years, international small/mid-cap stocks have consistently outperformed, with an annual total return that’s more than 70% higher than international large-cap stocks,” said Jeff Mortimer, chief investment officer for equities at Charles Schwab Investment Management.

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