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  • Foreign Exposure: Mutual Funds vs. EFA? Neither... [View article]
    David, the short answer is maybe, lol. EWC is 55% energy. Clearly Canada benefits from strong energy prices. If, and this is what I don't know, oil goes up in the next bear market for US stocks then Canada would probably be a good place to hide but really I offered nothing forward looking in the post about Canada because I am not sure.

    Australia has a very low correlation to the US due, I beleive to having a very different type of economy; no recession since 1991. Ireland's gov't made a decision in the late 1980s that it was going to be the best place for foreign companies to do business with may pr0 growth policies like a 12.5% corporate tax rates. Ireland has been booming almost ever since. Number 2 GDP in Europe per capita (i think number two maybe 3) and estimated to be number one sometime next decade.

    Norway is oil that does not come to the US (at least not very much) so they are not dependent on US growth. They have their financial house in impecable order and as more of a commodity based economy (like Oz) as opposed to the US' service based economy I believe it should be a different points in its economic cycle than the US which is my idea of what foreign diversification is.

    True enough both Norway and Australia appear to have more rate hikes in front of them.
    Apr 19 19:15 pm |Rating: 0 0
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