T. Rowe Price’s Giroux: You don’t need international stocks

Money Life travels to the Morningstar Investment Conference in Chicago, where David Giroux, portfolio manager for T. Rowe Price Capital Appreciation, kicks things off by saying that most investors have no good reason to buy international stocks, noting that they can instead purchase U.S. multi-nationals, and pointing out that the recent market downturn has made many of those companies significantly more attractive now than they have been in years. The rest of today’s lineup from the conference: Will Jacobsen of Toggle.ai — a fintech investment platform company — Tony Tursich of Calamos Investments discussing ESG investing, Pete Dietrich of Morningstar Indexes talks about the evolution toward personalized indexing, and Mary Ellen Stanek of the Baird Funds  talks about bond investing in a high-inflation, rising-rate market.

Listen to Will at 21:02 here.