Bridge over ocean
1 November 1998 Research Foundation

The International Equity Commitment (Full Monograph PDF)

  1. Stephen Gorman
The International Equity Commitment (Full Monograph PDF) View the full book (PDF)

This monograph refutes arguments that rising correlations and costs, increasing exchange rate volatility, and underperformance of the 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 plans is underexposed.

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