Franklin Templeton Suggest Moving Money Out of Canada
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Some have the opinion that it is time for investors to take some of the gains they have made in the booming Canadian market and redirect them to the global markets, according to Franklin Templeton Investment. Present conditions in the Canadian market offer investors the unique opportunity to take the results of several years of strong domestic performance and put them to work investing in markets outside of Canada. Taking the good fortune from gains in Canada and re-investing globally is suggested (like China, NO NO, I'm just kidding :P)
The changes to foreign content rules for retirement savings has put a spotlight on the advantages of global diversification. Since 1985, Canada has only appeared once on the list of the world's top-performing markets and in the last 20 years, no single asset class has been a top-performer for more than two consecutive years. According to this fund company, Europe, home of some of the world's best companies, is, on a valuations basis, a cheaper market than the Americas. Asia continues to be the world's low cost producer and fastest growing consumer. As well, the U.S. and the BRIC countries (Brazil, Russia, India, China) continue to hold promise for investors. Each of these areas can present good investment opportunities when approached from a bottom-up stock-by-stock perspective.
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Barry
Mr. Do It All
Jul 29, 2006, 7:07 PM
Post #1 of 1
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