The
beauty of global diversification is that not only do you have access to more opportunities but those assets may appreciate when our own market is declining.
The currency
implications of global diversification adds another level of complication in everything and of course results in more fees to be earned by the «industry»... In my humble opinion.
Leila Heckman, head of international equities at Lebenthal Asset Management, joined us for our monthly Salon to discuss the increased
acceptance of global diversification among portfolio managers and the reasons behind her approach to investing.