Arrested development

Imagine your best friend hosting a lively party next door, but you are forced to head home early due to an important commitment the next day. Feels awful, right? Well, international funds can relate to it. Since recent regulations barred domestic mutual funds from investing in overseas ETFs (exchange-traded funds) for breaching the $1 billion remittance mark, the lights have gone out on the entire universe of international funds, especially as the global indices are having a gala time.