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Global Investing and International Diversification

How does Global Investing differ from International Diversification and why are these concepts important?

Global investing refers to diversifying not only across borders, but also across sectors... They are important concepts because you can't just invest in different countries and think you're well-diversified because of increased correlations of recent...

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global you are focused on cross industries cross country approach
while international is focused on country and then picking securities in that country

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