Anti-U.S. sentiment abroad due to President Donald Trump’s desire to take Greenland, along with concerns about deficit spending domestically, appeared to be leaving foreign investors more nervous. This, in turn, is making overseas stocks look attractive.
“Having international equities in a globally diversified portfolio makes a lot more sense now than it has in the past 15 years,” said Will McGough, the Overland Park, Kan.-based deputy chief investment officer at Prime Capital Financial. “You don’t want to liquidate U.S. equities. But I would be putting more money to work overseas, alongside America,” he said via phone on Monday.
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