Non-U.S. Markets vs. U.S. Markets Capital Growth Lies Outside of the U.S.

International Stocks Have Closed the Valuation Gap

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With the tremendous run in international stocks over the past three years, the valuation gap has clearly closed. But, in general, you still see less long-term commitment to owning equities by investors outside the U.S. When markets run into trouble, you’ll see more wholesale selling of equities by non-U.S. institutional holders. There may be some historical precedent to that, and we hope it continues.
Source: http://www.valueinvestorinsight.com/