This momentum fund has dodged U.S. stocks and trounced the competition

Core Viewpoint - The article emphasizes the importance of diversifying investment portfolios beyond the concentrated U.S. stock market, especially after a prolonged bull market led by Big Tech [1]. Group 1: Market Performance - Over the past year, broad international stock indexes have outperformed the S&P 500 [2]. - Valuations for large-cap U.S. stocks remain high compared to those in developed markets outside the U.S. [2]. Group 2: Investment Strategies - Investors may consider a momentum strategy as an effective way to gain exposure to non-U.S. stocks [2].