The international core equity segment of the portfolio is designed to provide
our clients with a diversified means of gaining exposure to non-U.S.
equity markets. Although international equities have tended to be
more volatile than U.S. equities, combining the two in an
appropriate proportion can create a portfolio that not only
produces greater returns but is also less volatile. A balanced
exposure to international securities is provided through country,
investment style and manager diversification.
We believe that the international allocation of our clients
portfolio is best deployed through the use of specialized firms
that have resources based in the various international locations
and that focus solely on the non-U.S. markets. International
managers employed invest directly in foreign securities and/or ADRs
to ensure true diversification.
Through our alliances with leading national asset strategy consulting
organizations, we are able to provide our clients with exposure
to some of the best international
managers in the world. Our clients gain access to institutional managers that typically have very high minimum
investment requirements via seperately managed accounts or multi-manager funds.
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