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Thornburg urges investors to revisit international income allocation
Thornburg client portfolio manager Josh Rubin said non US stocks trade at about a 30% valuation discount versus US stocks, even after adjusting for differences in economic output.
ETF Trends reports that Thornburg Investment Management is making the case for a renewed focus on international stocks during a Thornburg sponsored webinar Monday.
According to the outlet, Josh Rubin, Thornburg client portfolio manager, said the valuation gap between US stock prices and US economic output has never been wider.
The webinar highlighted Rubin's view that non US stocks trade at an approximate 30% valuation discount versus US stocks, even after stripping out big differences tied to economic output.
ETF Trends also notes Rubin presented the argument to advisors as part of Thornburg's international income discussion.