All Clear Ahead For Offshore Funds?
Europe and the U.S. were winners in the fourth quarter; Asia remains risky
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You're wondering where to invest in 1998 and thinking about which offshore equity funds to buy. So you decide to do a quick check of the world's stock markets to see where you might be best off. No one will fault you if you emerge from the exercise feeling confused.
Consider the U.S. The economy remains strong and inflation and interest rates low. But after more than seven years of record-shattering gains, American equities aren't exactly cheap--and Asia's financial troubles have dealt Wall Street a few scary blows lately.