Notes

¹ I am indebted to my now-retired partner at Greycourt, John G. Mebane, for his many contributions to this chapter, which originally appeared as Greycourt White Paper No. 42:Global Investing: An Idea Whose Time Has Come? (January 2008), available at www.Greycourt.com.

² Brazil, Russia, India. and China.

³ The UK has nine companies, Switzerland four, and Japan two. No other country has more than one.

⁴ Michael J. Schill, “New Perspectives on Investing in Emerging Markets,” The Research Foundation of CFA Institute (2006).