Global & international funds
Global funds invest all over the world, including the U.S., while international funds focus on investments outside the U.S.
Some international funds have a large number of holdings covering a wide geographical area. They may be a good choice if you're looking for broad diversification.
The more a fund diversifies its investments around the globe, the less risk it takes, although a short-term jump in value may be less likely.
You can find global and international funds that invest in both developed and emerging economies, those that concentrate on emerging markets, and those that invest primarily in the developed markets. And, if you choose, you can diversify further by selecting international funds with different objectives and investment styles.
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Jeffrey Rosensweig, Goizueta Business School, Emory University 