Markets & Economy


Investing abroad: Risks, rewards, and realities of international markets

April 10, 2014

An episode from Vanguard's Investment Commentary podcast series

Chris PhilipsIn this podcast, Chris Philips, of Vanguard Investment Strategy Group, discusses global investing. He examines market reactions to world news, differences between developed and emerging markets, and considerations for global equity and fixed income investing.



  • All investing is subject to risk, including the possible loss of the money you invest.
  • Investments issued by non-U.S. companies are subject to risks including country/regional risk, which is the chance that political upheaval, financial troubles, or natural disasters will adversely affect the value of securities issues by companies in foreign countries or regions; and currency risk, which is the chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in currency exchange rates.
  • Diversification does not ensure a profit or protect against a loss.