International Equity: Selectivity in a Vast and Varied Market

At First Eagle, we’ve long held that the United States does not have a monopoly on good companies. While we think most market participants would agree with this sentiment, asset allocation data suggest US investors in general continue to be significantly underexposed to international equities relative to their share of the global opportunity set.

We believe flexible, benchmark-agnostic active managers with a proven track record of successful stock picking may be well positioned to construct international portfolios that offer differentiation from the primary indexes as well as the potential for enhanced risk-adjusted returns.

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