I am considering adding international telecom stocks. My portfolio goal is to reduce volatility as much as possible.
The 3 companies I am considering are:
Swisscom (SCMWY)
Nippon Telegraph (NTTYY)
Singapore Telecom (SGAPY)
Volatility over the past 5 years looks very good. Standard deviation looks exceptionally low for just 3 companies together (equal weight). I get a standard deviation of 12% vs. 18% for SPY.
Also it would give exposure to 3 currencies that have traditionally been safe havens: Swiss franc, Japanese Yen, and Singaporean dollar.
Any downsides that I haven't considered?
Also, am I correct in thinking that these ADRs give exposure to foreign currencies?
I would appreciate any feedback!
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