'Buy American' Is Hurting Clients' Portfolios
Feb 18, 2010
/
By James Picerno
The U.S. slice of the global equity pie is shrinking, yet most American portfolios are still tilted in favor of domestic stocks. Whether this "home bias" demonstrates a behavioral failing or is just a bad habit left over from another era, increasing your allocation to foreign equities would lower risk and help clients achieve better returns.