Michael Dobson: For the last ten years, it’s paid to go outside of Canada.
The Morningstar Canada index which tracks Canadian stocks lagged the Morningstar Global Markets index by three percentage points a year and the Morningstar US Markets Index by a more eye-popping six percentage points a year. To put those in another perspective, if you had $10,000 to invest, you would have made $16,000 more putting it in the US than in Canada in the last decade. And so, its only logical to assume that investment managers here would have been better off going outside of Canada for stock ideas, right? Well… not for EdgePoint.
Contrary to geographic expectations, it was actually their Canadian equity fund that did better than their global equity fund. EdgePoint Canadian Portfolio…
