A globally diversified equity portfolio seemed to make sense in a bull market. If we take the perio...
A globally diversified equity portfolio seemed to make sense in a bull market. If we take the period 1982-2000, the last great secular bull market before the bear crunch of the last three years, an optimum portfolio necessarily included some exposure to the major equity regions. The mantra of diversification dictated the balance between risk and reward; the best place to be was within an international portfolio. In a steadily rising equity market, it made a great deal more sense to diversify by geography. For a sterling investor in particular, once they had got over the issue of curren...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes