Investors punished for diversifying globally
Assets flood non-U.S. funds, but a broader allocation comes with trade-offs in a volatile world.
As mutual fund investors have warmed up to investing outside the United States, financial markets have punished them for doing so.
After 2013 paid those investors a handsome gain (“foreign large blend” funds as tracked by Morningstar Inc. climbed about 20%), many mutual funds focused on
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