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More Wealthy Investors Investing Abroad - NYTimes.com
November 19, 2010 | New York Times| By PAUL SULLIVAN.
Well-heeled American investors have been doing something lately that
they resisted for decades — becoming more like their European, Asian and
Latin American counterparts and substantially diversifying their
portfolios outside their home country. DOWNSIDE The biggest risk is
uncertainty, followed by a lack of knowledge. No one knows exactly what
is going to happen, and there are always investors who rush in too
quickly without fully understanding the risks. Those risks run the gamut
from income inequality that could create unrest, to legal systems that
have not been tested by foreign investors, to managers abroad without
established track records. There is also the unforeseen. “I witnessed
firsthand the collapse of the Soviet Union,” said Mr. Lucken, a former
foreign service officer. “That speaks to the unique political risks in
smaller developing countries.”
high_net_worth  investing  investments  investors  uncertainty  diversification  emerging_markets  wealth_management  risks  LDCs  political_risk  developing_countries 
november 2010 by jerryking
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