Foreign stocks may have underperformed their U.S. brethren over the past 10 years, but international stocks and bonds still should be part of a balanced portfolio, advisers say.

“Foreign stocks and bonds add diversification to the portfolio, leading to a less rocky ride over time,” said Tom Fredrickson, a CFP, and an adviser in Brooklyn, New York, for the Garrett Planning Network. “A blend of these different kinds of investments through different periods tends to reduce volatility in an overall portfolio.”

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