Alex Bryan, Morningstar wrote:Jack Bogle has made the argument that U.S. investors don't necessarily need to venture outside the U.S. market to get global exposure because most large-cap U.S. stocks have global businesses and yet foreign stocks have greater currency risk than U.S. stocks.
http://news.morningstar.com/cover/video ... ?id=825075Jeremy Schwartz, director of research at WisdomTree wrote:He (Bogle) did mention that foreign companies have higher risk because you have to take currency risk, which I don't think is true. You can now strategically hedge currencies in a much easier way than you could years ago and that can lower your volatility profile and argue for even more allocations internationally if you take out that currency risk.
https://personal.vanguard.com/us/funds/ ... undId=0570Vanguard wrote: ... the fund (Vanguard FTSE All-World ex-US Index) is also subject to currency risk and country risk.
So what's a US investor to do?