Events in the Eurozone, particularly Greece's future participation in the currency union, have been the overwhelming focus of investors worldwide in recent months.
Naturally, many clients are asking about Dimensional's exposure to the countries at the center of the crisis, the protections we have in place, and how we would respond if events deteriorated from here.
This brief paper provides answers to these questions and places them within the context of our calm, disciplined, and risk-aware processes.
In doing this, we reaffirm our belief that basing investment decisions on forecasts is counter-productive—something even more true in such a rapidly developing and multi-stranded story. As always, news is quickly reflected in prices and there is little to be gained from speculating about likely outcomes.