International stocks have lagged the US for a decade. Here's why a $1.1 trillion investment chief is betting on an epic comeback, and where he sees the best opportunities.
The international-stock fund that Thomson manages has outperformed its benchmark on a 10- and 15-year basis according to Morningstar. International stocks have lagged their US counterparts since January 2010 and provided subpar gains to investors who sat out theBut investors in non-US stocks are about to see a change in fortunes, according to Justin Thomson, the chief investment officer and lead manager of the international small-cap equity strategy at T. Rowe Price.
"The cyclical conditions for international equities to outperform are present, particularly with emerging markets," Thomson said at a recent press briefing. "There are strong structural merits for investing in overseas markets."
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