Chart of the week: will buying the benchmark give you global exposure?

World's main stock indices and where the consituent companies make their moneyMany investors believe they can get enough global exposure just by buying the stocks of major multinational companies listed in their home countries.

But the amount of international access you get from your local benchmark index varies depending on where you live.

In Britain, France and Germany, the largest companies derive around 80% of their revenues from international markets.

For America and Japan the figure is less than 40%.

It’s also worth bearing in mind that some sectors have a higher share of overseas sales than others, meaning that the resulting international exposure may not be well-diversified.

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