Lord, Abbett decided to lower the fees in light of the strong returns and dividends international funds delivered in 2009 and their increasing popularity as a source of diversification among investors.
“Today, more than half of the world’s market cap and almost three times the number of public companies are outside the United States,” said Mike Weldon, director of marketing and a partner at Lord, Abbett. “Yet, few investors are aware of this breadth and, as a result, typically allocate less than 20% of their portfolios to international markets.”