Betterment Adds International Investments to Portfolio
By ANN CARRNS
Betterment, a simplified investment service for investors who aren’t multimillionaires, has expanded its portfolio to include international stock funds.In a recent Your Money column about efforts to serve smaller investors, Ron Lieber credited Betterment, which invests in a mix of exchange-traded funds, for its openness to serve anyone, regardless of how much they have to invest. But he warned that a glaring drawback was that Betterment’s portfolio lacked international stock funds—a risky choice given the state of the American economy.
That weakness has been addressed, Jon Stein, the company’s chief executive, said in a recent e-mail update. As of last month, Betterment’s portfolio includes international exposure through the addition of two new exchange-traded funds: Vanguard Europe Pacific and Vanguard Emerging Markets.
All new clients have the international funds, while existing clients are being transitioned into the new holdings over a period of months.
Does Betterment’s addition of international investments make the service more attractive to you?Read the Original Article
This article originally published August 19th, 2011 on The New York Times