Home sweet home: does a home bias exist in investment selection?

The notion that investors - and fund managers on their behalf - tend to prefer stocks listed in their own countries is, according to some, a hard fact. But do the figures back it up? And is it a good strategy? PA asked industry experts whether the concept of ‘home bias’ in investing still exists and whether UK investors could in fact be missing out on opportunities elsewhere around the world. Home bias The overwhelming answer was that a home bias did exist, and in most cases there was nothing wrong with that. But there was also strong opposition to the notion. Mark Dampier, he...