Innocents Abroad: Currencies and Stock Returns

(w/ K. Luchs and M. Veblen) HBS Case 204-141. 

What do international stocks contribute to the portfolio of a U.S. investor? How do currencies interact with stock price movements in determining the benefits of international diversification? This case helps students compare the risks and returns of foreign stock markets with each other and with the U.S. market and to examine the risks and returns of international diversification