Almost every International Index Fund is near its 52 wk high.

[Bosox]

[ QUOTE ]
International Funds usually do not include US companies, by not investing in US companies you are missing out on much of the world's best businesses.

[/ QUOTE ]

US markets have the best businesses but everyone knows this so they're valued as such. It's the inefficiencies in the international markets that you're taking advantage of and that's a better deal.