Jan 18, 2016
We'd love to see the Canadian markets go up for patriotic reasons, but we've always believed in investing in the US as well. A common question right now is how does the currency change affect that investment? Canadian funds are converted to American to purchase, then converted back to Canadian at time of sale. All funds are reported in Canadian Currency. This means, while the Canadian dollar decreases against the US your fund value goes up. This is an example of safety in diversity. Money positioned in US Fortune 500 companies is keeping a lot of our clients heads above water in this current market turmoil. Take a look at this American Growth Fund managed by AGF available on our shelf.