Getting Familiar with Foreign Investing

Investing overseas has caught fire among U.S. investors, and it has become Wall Street's strategy du jour. Americans poured $126.1 billion into global and emerging markets over the past 12 months through March, accounting for a record 56% of the inflows into all U.S. mutual funds, notes Edward Yardeni, chief investment strategist at investment firm Oak Associates. Americans also put in an additional $28.6 billion in global exchange-traded funds.

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