Firms with operations and assets across the globe, true MNEs, are in many ways as international in

Question:

Firms with operations and assets across the globe, true MNEs, are in many ways as international in composition as the most internationally diversified portfolio of unrelated securities. Why do investors not simply invest in MNEs traded on their local exchanges, and forego the complexity of purchasing securities traded on foreign exchanges?

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...