Global Equity Investing: Do Countries Still Matter?

18 Pages Posted: 21 Feb 2011 Last revised: 7 Mar 2011

Date Written: February 16, 2011


World equity investment vehicles - sector and regional funds, single-country funds and emerging market sector funds, just to name a few - can be dizzying, but are worth exploration. The following key topics about global investing provide a solid foundation for investors to both understand and make informed decisions about the role of country-focused investment strategies. 1. Globalization: Are investors reluctant to go global? 2. Country versus Sector Effects: -What does historical and recent research reveal? -Why have sector effects and country correlations increased? -How are baskets of stocks correlated to both their home country markets and global sectors? 3. Implications for Investors: What are the implications for investors seeking to build a portfolio of global equities?

Keywords: Global, Equity, Country, ETF, Top-down, Investing, Country Effect

JEL Classification: G00

Suggested Citation

Garff, David, Global Equity Investing: Do Countries Still Matter? (February 16, 2011). Available at SSRN: or

David Garff (Contact Author)

Accuvest Global Advisors ( email )

3100 Oak Road #380
Walnut Creek, CA 94526
United States
925.930.2882 (Phone)
925.886.8787 (Fax)


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