Low Cost Investing In Foreign Equities: Beyond Vanguard ETFs

The recent collapse in the value of the Canadian dollar provides a useful lesson in the potential value of currency diversification in a portfolio. As of October 1, 2015, sitting in U.S. cash delivered a year-to-date return of about 14% due strictly to changes in the exchange rate. That’s a good tonic for portfolios ailing due to poor Canadian stock performance: the benchmark S&P/TSX Composite Index was down 9% during the same period. Canadians can add currency diversification...