The impact of the recent global economic slowdown was first felt by consumers around the world who were forced to cut back on purchases in order to endure the recession. While some consumer segments such as the wealthy, have begun to spend again, the events of the last two years have also had a profound, and perhaps lasting, impact on the business of investing and the methodologies that guide the portfolio construction process. As the growth gap between the world’s advanced and developing economies widens, many U.S. investors have tossed aside the conventional wisdom that called for making a significant allocation to domestic equities in favor of a more global approach. [click to continue…]
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