International Exposure Of U.S. Large Companies
In previous newsletters, we alluded that multinational companies in the US have large international exposure in terms of their revenue and profitability. In this newsletter, we want to delve into this topic in more details and discuss its effect on asset allocation, especially in light of a Trump presidency.
S&P 500 companies international exposure
Depending on the methodology, it’s estimated that S&P 500 companies have more than 1/3 to 40% oversea revenue:
Factset’s data (as of 11/18/2016):
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