International assets

CFA Level III Portfolio Management
#1

Schweser book 2, LOS 19 l, Pg 164

Dear all,

The last but one bullet at the end of the pages includes text ‘The importance of country or industry factors is not consistent but varies by the specific industry in the specific country. Investors need to consider both factors’.

Does anyone in the forum have an example which could explain the point better.

Thank you

#2

Natural gas industry is booming, but not all natural gas industries are created equal. It could be an example like Brazil has restrictions on companies producing it and therefore the industry is not as attractive as say another country that has no restrictions.