The wave that has returned U.S. President Donald Trump to office has global financial markets bracing for just about anything.
November 22, 2024 at 8:22AM EST
Market moving global events already have a big impact on Canadians who invest through their registered retirement savings plans , tax free savings accounts , company pension plans and even the Canada Pension Plan , which has been growing its stake in foreign investments.
International trade involves billions of dollars in foreign currency exchange fees, which eventually trickle down to the investor. The markup on any global equity mutual or exchange traded fund sold on the Canadian market, for example, is often close to half-percent higher annually for the Canadian dollar hedged version. Potential fees that stay invested over time can really add up.
Many foreign equity funds are actively managed by investment teams with vast research capabilities and experience in the focus area. Some funds are sub-managed by firms located in the specific geographic region. ETFs are not as effective as actively managed mutual funds at adjusting to changes or nuances relating to specific foreign markets.
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