Go Global With Funds

If you could buy any stock in the whole wide world, which one would it be?

Seems like a simple exercise -- along the lines of picking your favorite athlete, cereal or movie star, maybe. But it's actually quite complicated, considering the options available in domestic stocks as well as those listed on European, Asian and emerging markets.

It's also a challenge faced by more and more global stock fund managers as the dollar's decline pushes investors to diversify internationally. Unlike most foreign funds, which buy stocks from a single country or region outside the U.S., global funds mix domestic and international stocks. That set-up forces the fund manager to allocate not only among their favorite stocks, but in various countries as well. ...