There can’t be any remaining investors with outdated prejudices against global investing, can there?
Global exposure was a long a portfolio killer, in large part because of a rising Canadian dollar. But in the past three years or so, returns from global markets have seriously outclassed Canada. The S&P/TSX composite index averaged gains of 3.4 per cent for the three years to Jan. 31, while the MSCI EAFE Index made 10.2 per cent in Canadian dollars. In the most recent 12-month period, the EAFE index more than doubled the Canadian market’s gain of 11.4 per cent.