With close to 40,000 companies to invest in abroad, compared to only about 4,000 domestically, is that really an opportunity set that you want to miss out on? Additionally, note the table below showing the top 20 countries with the highest number of stocks. The U.S. is no longer the highest, and there are plenty more catching up. Growth and access should continue to improve abroad, while consolidation in the U.S. may persist, making the case for international that much more attractive going forward.

This article was written by Kostya Etus, CFA, a portfolio manager at CLS Investments, a participant in the ETF Strategist Channel.