The Bulls Are Abroad

Emerging markets offer investors relief from the pain of U.S. stocks

A few years ago, it was fashionable to shun foreign investments, not just because U.S. stocks were the toast of the world but, some reasoned, because you get international diversification by owning global companies such as General Electric and Gillette or the mutual funds that hold them. That logic always sounded a bit twisted to me. When the air gets let out of a market, few stocks are spared, no matter where they derive their profits. Gillette and GE, for example, have been cut in half from their highs.

Now, as U.S. stocks slump for a third consecutive year, investors are...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!