Fidelity portfolio manager: Look internationally for new investment ideas
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Bill Kennedy, a portfolio manager at Fidelity investments, spoke to Henry Blodget about how international markets may be the place to be after years of underperforming the US. This is due to better earnings clarity overseas, which improves the environment for stock pickers. He points out the low valuations for international stocks, relative to their US counterparts, and says it's time for a shift. Kennedy highlights one of his top holdings, an Indian mortgage company, holding it up as an example of a stock that can give you broad exposure.
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