NEW YORK - The recent sell-off in global stocks hasn't soured U.S. investors' appetite for foreign stock investments.
A USA Today/Gallup Poll of 668 stock owners conducted March 2-4 — after the Feb. 27 market plunge that saw the Dow close down 416 points in one day — showed 72 percent of the investors who own foreign stocks said they would "make no change" to their current allocation of non-U.S. stocks.
[Editor's Note: Correction In India's Markets Makes This A Great Time To Buy!]
Only 12 percent said they’d "decrease" their foreign stock holdings, and the same amount said they would "increase" their weighting.
Overall, 36 percent of the respondents polled indicated they currently own foreign stocks.
Commenting on the poll findings, USA Today observed that, "In an increasingly global world, diverting capital to all corners of the globe to take advantage of fresh investment opportunities is gaining credence on Wall Street."
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