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I’m working on a finance question and need an explanation and answer to help me learn.

Q. All major mutual fund companies now offer a variety of internationally diversified mutual funds. The degree of international composition across funds, however, differs significantly. Use the Web sites listed below, and others of interest, to do the following: 

Distinguish between international funds, global funds, worldwide funds, and overseas funds

Determine how international funds have been performing, in U.S. dollar terms, relative to mutual funds offering purely domestic portfolios

T. Rowe Price
Merrill Lynch