As we're likely to see political squabbles and slow growth continue, investors will be well-served by sticking with defensive firms that have solid dividend-payout records and competitive advantages, says Morningstar's Josh Peters.
Washington's policy debates and debacles could create real short- and long-term risks for equities, but stock investors shouldn't wave the white flag, says Morningstar's Jeremy Glaser.
Morningstar 2012 International-Stock Fund Manager of the Year Rajiv Jain expects continued earnings growth for the less popular growth stories of tobacco and Indian consumer stocks.
Although he notes the potential problems of investing in financial-services names, Oakmark's Clyde McGregor sees some mispricing in European banks.
Portfolio diversification has become more challenging during the past five years, as our matrixes show.
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