We recently sat down to discuss global diversification with Dave Iben, chief investment officer and lead portfolio manager at Kopernik Global Investors. Dave plays a central role within the equity portfolios that Russell Investments manages for clients.
For U.S. investors, investing beyond America’s borders has been a tough sell over the past decade. Consider that for the ten years ending March 31, 2019, the U.S. equity market returned approximately 10.1% on an annualized basis—while non-U.S. developed markets returned just 2.7%. Emerging markets fared even worse, netting a meager 0.7% gain.1
The outbreak of the