[tek]

Diversification is good, but I wouldn't put all your money into several related funds. A foriegn eft or two, along with other types of funds, such as enrgy, precious metals, various size cap equitie funds, etc would be the way to go.

If you look at various countries you will have three economic macro trends: up, down, sideways. You certainly don't want down or sideways (stagnant) countries in your portfolio. And you don't want too many up ones (decreases diversification).

At any given time, there will be one or two countries on the move up. I haven't kept track of foreign indexes, but I used to notice that Asia and Latin America moved inversely.