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Article: Nationalism is fine, but profits know no borders. (International Funds) (Annual Mutual Fund Guide)(News You Can Use)
- Article from:
- U.S. News & World Report
- Article date:
- February 12, 1990
- Author:
CopyrightCOPYRIGHT 1990 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NATIONALISM IS FINE, BUT PROFITS KNOW NO BORDERS
Investors in the U.S. have become worldlier in recent years, thanks to the steady increase in the number and types of mutual funds that invest in the shares of overseas stocks. Moreover, that still blossoming foreign affair could truly bloom. As Americans become increasingly aware of the profit potential, notes Christian Wignall, chief investment officer of the San Francisco-based GT Global group of mutual funds, "no longer is there the frequently voiced trepidation about foreign political instability or currency unpredictability."
Long a little-known fringe investment, international funds began to come ...
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