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Global Focus

I take a global view of building and managing investment portfolios. For U.S. investors, the benefits of foreign securities are twofold:

  • a broader selection of investment opportunities, and

  • diversification--stemming from lesser-correlated returns (compared with U.S. markets).

    

Global investment focus

Foreign security exposure usually necessitates the related markets' currency exposure as well. While this embedded currency exposure can be hedged-out, I strongly believe that having international currency exposure within a portfolio is a positive attribute because it increases diversification and reduces overall portfolio risk.

S&P Global 100 Index


I use the S&P Global 100 Index (SPG100) as my equity benchmark for client portfolios. SPG100 is a broadly diversified large capitalization global equity index which is derived from seven developed region/country indexes where the U.S. weight is about 75% (2023):
      

  • S&P 500 Index, representing the United States,

  • S&P Europe 350 Index, representing Europe,

  • S&P/Topix 150 Index, representing Japan,

  • S&P/TSX 60 Index, representing Canada,

  • S&P Asia 50 Index, representing Asia,

  • S&P/ASX All Australian 50 Index, representing Australia, and

  • S&P Latin America 40 Index, representing Latin America.

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