PID offers up the best risk-adjusted performance among its peers, showing less volatility than competitors and a better total return. PID also outperformed the MSCI EAFE Index over all time periods since the 2008 financial crisis with less volatility, reports Woodham.
“It makes sense to take a global perspective,” Robert T. Lutts, chief investment officer of Cabot Money Management, said in the NY Times report. “There is less potential for price disappointment because the companies are involved in diverse economies and have strength in their industries.”
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Tisha Guerrero contributed to this article.