You might want to ask your mutual fund PM where she or he is from, and not just out of politeness.

A study cited by Bloomberg says that that kind of information may matter in how the PM runs the fund.

For example, the paper, The Home(-sickness) Bias of Foreign Holdings, finds that among U.S.-based fund PMs, a Brazilian-born manager who speaks fluent Portuguese and is familiar with the country's business culture had better results when investing in Brazilian companies than a German-born manager, according to Bloomberg.

Is this obvious? Is this useful? Who knows. To learn more, check out the article in Bloomberg.  

Edited by: Tommy Fernandez


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