Widening the Lens: Revisiting the Case for Non-U.S. Stocks

Janus Henderson Investors

Research

6 Pages

While US stocks have outperformed over the past decade, Janus Henderson believes the valuation gap creates room for upside and an opportunity to diversify equity holdings. They also state that “each year for the past decade, an average of 82 of the top-100 performing stocks in the MSCI All Country World Index were headquartered outside the U.S.

Key Takeaways

Valuation gaps favor international stocks: Non-U.S. equities trade at discounts to U.S. stocks, offering potential for higher returns.
Sector diversification enhances resilience: International markets provide exposure to a broader range of sectors beyond U.S. tech dominance.
Historical cycles support global diversification: Past market cycles indicate periods where non-U.S. stocks outperform, advocating for global portfolio inclusion.
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