Jun. 27 at 1:55 PM
Thrift Savings Plan (TSP) I-Fund
$ACWX $EFA $IEV monthly: I think foreign exposure is a good strategy for the TSP, especially with the strength we've seen in emerging markets ETFs playing catchup and European markets outperforming US markets. That being said, I-Fund looks somewhat overextended. The rallies we're seeing in US equities is telling us that some of the money that chased Europe could be flowing back into the US. The idea of American exceptionalism in the markets was put into question, earlier this year but, for now, those concerns seem muted. Remember that I stated, moves into European exposure are more tactical than strategic, echoing the perspective shared by many fund managers.
