, many market pundits and managers of foreign funds are betting that history will repeat itself.
, aerospace and defense, energy transition, I just feel like that benefits a much wider subset of sectors and industries outside of just technology, which really dominated the landscape over the last decade."Anyone bullish on international stocks will almost always point to their valuations relative to US companies.
Steve Gorham, who's Paul's colleague at MFS Investment Management and the co-manager of the $6 billion MFS International Large Cap Value Fund , also noted that valuation gap. Gorham also said:"There's no question the US has the most dynamic and capitalistic-oriented companies out there, but I don't think it has a universal stranglehold on the opportunity to create value for shareholders."Yahoo Finance
Also, investors can make mistakes when juxtaposing valuations of international and US stocks, said Alexis Deladerriere, who's managed the $916 million Goldman Sachs International Equity Income Fund since 2012.