FYI: One of the negatives of running a globally diversified portfolio of stocks for clients is that in years where the S&P 500 blows everything else away, you have to grit your teeth and show people the long-term evidence, sometimes repeatedly.
One of the positives is that it won’t be long before you’re vindicated. Because runs of under- and outperformance for US vs International go in streaks, and the wise asset allocator knows that taking advantage of this mean reversion is a long-term winner for his or her clients.
2017 is demonstrating the power of this concept all over again for a generation of post-crisis investors who have only seen one side of the story for almost 8 years now. International stock indices are outpacing the S&P 500 by a wide margin, even though virtually all of the major global averages are strong thus far.
Regards,
Ted
http://thereformedbroker.com/2017/07/01/the-best-first-half-for-global-stocks-since-2009/
