But some of the most acclaimed wealth managers in the US say they aren't picking a side. They're getting around the debate by focusing on US stocks that give them the exposure they want without taking on more risk than they're comfortable with.
Fellow wealth manager Rebecca Rothstein concurs:"We feel as if we get enough exposure through the US market and using multinational companies," she said. While they're mostly sticking with stocks based in the US, both Mallouk and Rothstein stress that anyone with an investment portfolio needs to diversify outside the country to reduce their risk and add potential upside. But they argue that their approach is a way to get the best of both worlds.made 43% of their overall revenue outside the US in 2018. The tech, materials, and energy sectors all get most of their revenue from other countries.
"We are much lighter than the firm's model in emerging markets and international," she said."We think that we get a decent amount of exposure through the way that we buy multinationals."