One of our most experienced international fund managers remarked in mid-January that there is a para...
One of our most experienced international fund managers remarked in mid-January that there is a paradox about investing in US equities: when US share prices fall, it is usually shrewder to invest in US equities rather than take refuge in European or Asian equities. He was backing up the market adage that when America sneezes the rest of the world catches a cold. Why is this the case? Most probably because of its status as the world's largest economy, home to over half the world's equities by market value, as well as being one of the most liquid capital markets in the world. The last poi...
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