International mutual funds do not include any domestic assets whereas global mutual funds include both foreign and domestic assets. How might this difference affect their correlation with US equity mutual funds?
What do Friskies cat food, Kit Kat candy bars, aspirin, and DirecTV have in common? They are all products of non-U.S. corporations. Friskies cat food and Kit Kat bars are products of Nestle SA. (Switzerland); Bayer AG, a German company, produces Bayer aspirin; and DirecTV is part of News Corporation, an Australian company. Just as we use many products of foreign companies, many U.S. corporations seek to have their products used internationally. The result is a more globally integrated economy.