|Jeffrey Kleintop, Chief Global Investment Strategist – Charles Schwab
An Important Benefit to Global Investors is Back After 20 Years
Summary: Global stock market correlation has fallen to its lowest level in 20 years. The return to “normal” levels of correlation enhances the benefits of diversification. Holding a globally diversified portfolio may be of particular importance over the short-term as stocks are ripe for a pullback. Going forward, fully diversified portfolios should experience lower risk without decreasing returns.