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To answer your remaining question: yes, your reasoning is correct that
US mutual funds investing in foreign securities should give you a
reasonable protection against a dollar devaluation, but be careful that
the fund doesn't engage in currency hedging negating your desired
Also consider the impact of the falling dollar on foreign stocks (it's
more expensive to export to the US) - look at how e.g. Japan is
suffering from their higher Yen, and how the European automotive sector
got spooked today because of the fallout of the high Euro.
Consider that most US mutual funds are not as sophisticated when coming
to foreign securities.
Finally note that international stock funds have some of the highest
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Received on Wed Jan 07 2004 - 01:30:25 PST