I think most stock markets now are very interdependent and they tend to go up and down togetther. However, like you I also move most of my money to Asian and European mutual funds.
However, I have a question on owning foreign mutual funds. Let say I own a mutual fund with 100% Japanese stocks and the fund remains unchanged for the day however the yen appreciates 5% agaist the dollars on that day. Does it mean that I made 5% on that day?
