Why International Investing Now
With global growth reviving, the time for international diversification is at hand.
After several years of U.S. market dominance, the attractiveness of international investing is on the rise as global growth reaccelerates.
WHY INVEST INTERNATIONALLY?
Variation in growth prospects and policy mixes can lead to low price correlation and manage overall portfolio volatility.
Positioning portfolios accordingly is how active managers add value.
Expanded opportunity set
The number of publicly-traded international stocks and bonds makes for a much larger opportunity set than just the U.S.
The world’s top companies can be found in places that may surprise you.
Lower price-to-earnings ratios of major non-U.S. equity indexes and higher bonds yields outside the U.S.—especially in emerging market debt.
This could mean greater potential to identify attractively-valued securities.
We believe that active management is the best way for investors to access all the potential benefits from diversifying in international stock and fixed-income markets.
EXPANDED OPPORTUNITY SET
Two-thirds of global market cap is outside of the US...
% of World Market Capitalization
...& over 70% of global debt has been issued outside of the U.S.
Global Debt Outstanding
Equity market capitalization percentages are in U.S.$ terms and derived from the Bloomberg U.S. Market Cap as a Percentage of World Market Cap Index. Global debt percentages are derived from total global debt as measured by Bloomberg’s Global Debt Map and includes government-issued and private sector corporate debt; measured in the U.S. $ terms. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets.
Source: Bloomberg, as of September 30, 2017.
THE WORLD IS YOURS
An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.
IMPORTANT INFORMATION: Past performance is no guarantee of future results. Performance shown excludes sales charges, if any. Had sale charges been included, performance would be lower. The "% Change" column(s), indicate a change in the Net Asset Value (NAV) or Market Price from the previous business day. All investments involve risk, including loss of principal. Please see each product’s web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision. Additional share classes and products may be available.
Investment InsightsOctober 09, 2017
Investment InsightsOctober 02, 2017
Diversification does not guarantee a profit or protect against a loss.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks associated with hedge funds, alternative investments and other risks, performance and other important information. Review this information carefully before you make any investment decision.