Look outside the United States to diversify inside your portfolio.
During uncertain markets it may be easy to overlook the benefits of diversification because markets may move together. As the chart below indicates, while the United States accounts for almost half of the companies on a capitalization weighted basis, over 70% of the companies and global GDP are outside of the U.S.
U.S. and International Comparison: Market Capitalization, Number of Companies and GDP
Past performance is no guarantee of future results. Indices are unmanaged and unavailable for direct investment. Other methods,
and different benchmarks and time periods may result in significantly different outcomes. Diversification does not insure against market
loss.
1Global Index Data Source: FactSet and MSCI. MSCI ACWI data is as of 3/31/09. A weighted market cap index is a stock market
index weighted by the market capitalization of each stock in the index. In such a weighting scheme, larger companies account for a greater
portion of the index. The Global Index represented by the MSCI ACWI (All Country World Index) Index is a free float-adjusted market
capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. As of January
2009 the MSCI ACWI consisted of 46 country indices comprising 23 developed and 23 emerging market country indices. The developed market
country indices included are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy,
Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. The
emerging market country indices included are: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia,
Israel, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey.
2GDP Data Source: International Monetary Fund World Economic Database April 2009. Most recent data available. The International Monetary
Fund (IMF) is an international organization that plays three major roles in the global monetary system. The Fund surveys and monitors
economic and financial developments, lends funds to countries with balance-of-payment difficulties, and provides technical assistance and
training for countries requesting it.
Glossary source: Investopedia.com.
One of the primary reasons to consider seeking international management expertise is that an investment manager can draw from a larger opportunity set which includes divergent and diverse markets and provides the manager with flexibility to take advantage of opportunities regardless of geography.
It takes an experienced, opportunistic investment manager to find international value across all market cycles. Tradewinds Global Investors, LLC can help you navigate international markets.
Please call your financial advisor or Nuveen Investments at 800.257.8787 to learn more.
Global perspective. Independent thought.
A Word on Risk
It is important to remember that there are risks inherent in any investment and there is no assurance that any asset class or index
will provide positive performance over time. An investment in equity securities or stocks involves the risk of decline in response
to such factors as adverse company news or industry developments or a general economic decline. There are special risks associated
with international investments, such as foreign company risk, political risk, market risk, currency risk and correlation risk. In
addition, investing in securities of developing countries involves greater risk than, or in addition to, investing in developed
foreign countries. Concentration in a small number of holdings may lead to greater price volatility. Value style investing presents
the risk that the holdings or securities may never reach their full market value because the market fails to recognize what the
portfolio management team considers the true business value or because the portfolio management team has misjudged those values.
In addition, value style investing may fall out of favor and underperform growth or other style investing during given periods. It
is important to review investment objectives, risk tolerance, tax liability and liquidity needs before choosing a suitable investment
style or manager.
An investor should carefully consider the Funds' objectives, risks, charges, and expenses before investing. For a prospectus containing this and other information about the Funds, please contact your financial advisor or Nuveen Investments at 800.257.8787. Read the prospectus carefully before you invest or send money.
This information should not be relied upon as investment advice or recommendations, and is not intended to predict or depict performance of any investment. The statements contained herein are the opinions of Nuveen Investments and Tradewinds Global Investors, and data available at the time of posting this report, which may change without notice at any time. Certain information contained in this report has been taken from statistical services and other sources, which we believe is reliable, but not guaranteed for accuracy or completeness. This report should not be regarded by recipients as a substitute for the exercise of their own judgment. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Neither Nuveen nor any of its affiliates, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of this report.
Funds distributed by Nuveen Investments, LLC.
Not FDIC Insured | No Bank Guarantee | May Lose Value
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