Abstract
Practical Applications Summary A rule of thumb for investors in recent decades has been to invest anywhere from 20% to 40% of assets outside the US. Given the increased level of correlation among stock markets worldwide, does this form of diversification still lead to higher returns In an interview with Institutional Investor Journals about his article, Time to Stay Home? Global Diversification during the Past 25 Years, Stephen Christophe of George Mason University argues that verage US investors might do just as well investing their money closer to home.
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