The diversification of Canadian mutual funds from the domestic equity market has been a winning strategy for the past decade. But now, it’s time to come home.
“The reality is the biggest challenge for Canada’s stock market is not foreigners selling Canadian equities, it is Canadians selling Canadian equities,” de Verteuil said. The S&P 500 Index has gained about 170 per cent in the past 10 years, while Canada’s benchmark S&P/TSX Composite Index rose about 40 per cent in local currency terms, according to data compiled by Bloomberg.
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