Security Brokers & Investment Managment, Finance - International, Foreign Investments - General & Miscellaneous, Securities - General & Miscellaneous

The International Equity Commitment

Name: The International Equity Commitment
Author: Stephen Gorman
ISBN: 9780943205441

by Stephen Gorman

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Overview

The International Equity Commitment refutes that rising correlation and costs, increasing exchange rate volatility, and underperformance of non-U.S. markets make investing in international equity undesirable, or, at best, irrelevant. The author uses a detailed analysis of the data to show not only that historical evidence supports a strategic allocation to international equity, but that the typical U.S. pension plan is underexposed.

About the Author, Stephen Gorman

Stephan A. Gorman, CFA, is vice president and senior quantitative analyst in the global asset allocation group at Putnam Investments, where he specialized in strategic asset allocation, portfolio construction, and tactical country model development. Previously, he has held positions at AT&T; Pell Rudman; Boston Harbor Trust Company; Applied Economics, and Investment Dealer's Digest. Mr. Gorman is the author of several articles on asset allocation. He holds a B.A. from the College of the Holy Cross and an M.B.A. from the Amos Tuck School at Dartmouth College.