Global Funds May Not Be Smart Way to Invest Globally
NEW YORK ( TheStreet) -- The Wall Street Journal had an interesting article that attempted to redefine how investors should access foreign markets.
Instead of investors having an allocation to domestic stocks and an allocation to foreign stocks, the article suggested having a single allocation to equities using global, actively managed funds that allow their managers to invest where they see fit.
If the manager believes it makes sense to be heavily weighted in Mexico and Singapore but lightly weighted in Turkey and Japan, then he or she will have the leeway to manage the fund accordingly.
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