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Broadly diversified international equity funds generally fall into two categories: international funds, which do not invest in U.S. securities, and global funds, which invest anywhere in the world, including the U.S. Although they are both considered more aggressive than most domestic equity funds, broadly diversified funds are often considered to be a "less aggressive" type of international fund because of their typical emphasis on diversification within established markets. With these funds, risk is spread out across an expansive geographic area rather than concentrated in a single region or country. These funds are used by many investors to form the foundation of the international component of their portfolio.