Looking Abroad

Looking Abroad


T here are not many free lunches up for grabs anywhere, least of all in financial markets. However, as Rodrigo Alamos, a partner at Capital Advisors in Chile, points out, "The only free lunch that exists is diversification." Put simply, international diversification delivers lower risk and greater yields for fund managers than a strictly domestic investment portfolio can achieve. Mexico’s Afores, or privately managed pension funds, should soon be allowed to invest part of their $35.37 billion in assets under management in foreign markets. It may seem strange for a developing country like Mexico to export capital, yet doing so makes perfect sense for fund man

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