Why international stocks may be an ‘inexpensive hedge’ as S&P 500 outperforms rest of the world

The S&P 500 has been beating the rest of the world for years, but diversifying geographically may now be “an inexpensive hedge” against a potential correction in U.S stocks, according to Morgan Stanley Wealth Management. The S&P 500 SPX,a gauge of U.S. large-cap stocks, has climbed 6.4% this year based on Monday afternoon trading levels, surpassing the rest of the world’s gains year to date, FactSet data show. Shares of the iShares MSCI ACWI ex U.S. ETF ACWX,which inves