Investment Perspectives 1Q April 2017

Diversification, as a fundamental component of prudent investment management, has tested the patience of investors over the most recent bull market in US equities. International equities have trailed by a significant margin in relative performance since late 2011, weighing on the returns of a globally diversified portfolio versus a US only investment strategy. In this piece, we take a longer view of global diversification and compare the current valuations of US and international markets.