4 ms·
Not necessarily -- nearly every company in the S&P is a globally diversified mega-corporation, so you still get global diversification as a result of many of th
by exelius 11y ago
Not necessarily -- nearly every company in the S&P is a globally diversified mega-corporation, so you still get global diversification as a result of many of the companies themselves being diversified.
Also, by all accounts the US (and specifically New York) is the financial center of the world. This is why the IRS has such immense power -- they can come after anyone, anywhere because a global bank simply cannot operate without a good relationship with US regulators.
- desas 11y agoThat's funny, the UK regards London as the financial centre of the world.