Overseas Markets Still Enticing
Despite global economic worries, some Morningstar.com users are allocating hefty portions of their portfolios to foreign stocks--and those with foreign exposure.
Given the high degree of uncertainty in the global economy, U.S. investors could be forgiven for having a bit of home bias these days. Europe's sovereign debt crisis and slumping economy, along with slowdowns in China and other emerging markets, make the U.S. look stable by comparison.
Yes, the fiscal cliff stands immediately before us as a potential source of trouble, but at least the U.S. economy has been moving in the right direction, with slow but relatively steady economic growth and an improving outlook for the long-dormant housing sector.
Adam Zoll does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.