A shrinking pool of stocks is powering most of Wall Street's gains, making international equities worth a fresh look, according to Thornburg Investment Management. International stocks trade near 14 times 2027 earnings versus 17 times for the U.S.Dividend yields abroad run 2 to 3 percentage points higher than similar U.S. stocks. That's the smallest share in more than 35 years, according to Matt Burdett, head of equities at Thornburg Investment Management. That imbalance is why Thornburg Investment Management argues this is a case for active management. The Thornburg International Equity ETF (TXUE) and the Thornburg Premium Income Builder ETF (THOR) pick individual stocks rather than track an index.