How foreign is your foreign stock fund, really?

Published June 20, 2014 4:24pm ET



CHICAGO (AP) — Is Nestle a Swiss stock?

Of course it is, if you look at the traditional measures. The company is based in Switzerland, and its stock trades in Swiss francs. But Nestle candy, baby food and other products are on grocery-store shelves throughout the world, from Algeria to Zambia. Switzerland provides just a sliver of Nestle’s revenue: More came last year from the Americas or from Asia than from Europe overall.

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