Japan is living through dramatic events and we extend our sympathies to all affected by this tragedy.
The Japanese stock market continued its decline today, losing nearly 11%. This downturn brings the two day loss of the Nikkei 225 to more than 16%.
These traumatic events illustrate the importance of diversifying an equity portfolio across various countries, currencies, sectors, styles, and company sizes.
Our average portfolio exposure to Japan is only 1% to 2%.
We are monitoring these events closely. Please do not hesitate to contact us should you have any questions.
Tony & Peter