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High revenue exposure to the U.S. has benefited company returns, both in and outside the United States. Since 2011, non-U.S. companies with the highest exposure to the strong U.S. economy have had significantly higher equity returns than domestic-oriented companies and the broad MSCI ACWI benchmark. There are signs that Europe may be set to rebound, but maintaining a well-diversified portfolio that includes non-U.S. companies with exposure to the U.S. can be a prudent way to mitigate global political risk.
Past results are not predictive of results in future periods.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries.
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Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.