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I wondered if that was what they were trying to say. Personally, I don't buy the argument. I don't think you can say that US company doing business in foreign country = foreign company doing business in foreign country.


The point the the previous poster was getting at is that most large U.S. companies do significant business in foreign countries. This exposes them to all the same forces that foreign companies face which, theoretically, adds the uncorrelated component that you are looking for when diversifying into the rest of the world.


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