The traditional approach to global investing was a two-step procedure, in which the first decision was country

Question:

The traditional approach to global investing was a two-step procedure, in which the first decision was country allocation and the second decision was to select industries and within countries. Is this approach still valid, or have changes in international markets called this two-step approach into question?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...