Stephen Gorman
Description
<i>The International Equity Commitment </i>refutes that rising correlation and costs, increasing exchange rate volatility, and underperformance of non
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-U.S. markets make investing in international equity undesirable, or, at best, irrelevant. The author uses a detailed analysis of the data to show not only that historical evidence supports a strategic allocation to international equity, but that the typical U.S. pension plan is underexposed.
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