This momentum fund has dodged U.S. stocks and trounced the competition



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As an investor, what are you afraid of? We have seen some volatility this week — and the bounceback on Wednesday, following Tuesday’s broad decline, may not seem unusual. But after several years of a U.S. bull market led by Big Tech, a long-term investor might be well served by diversifying beyond the concentrated U.S. stock market.

Over the past year, broad international stock indexes have outperformed the S&P 500

SPX. But you may have hesitated to add exposure to non-U.S. stocks in your portfolio. In case you think it is too late to do so, valuations for large-cap U.S. stocks are still high when compared with those in developed markets outside the U.S. And a momentum strategy might be an excellent way for you to invest in those markets.


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