Canadian Capitalist

Canadians are allowed a maximum 30% foreign content inside their retirement (RRSP) accounts. A recent Royal Bank poll has revealed that 35% of RRSP portfolios have no foreign content at all and a mere 5% have achieved the maximum foreign-content limit. It is very important to diversify a portfolio with different asset classes including foreign equities (US, EAFE and Emerging Markets). The current strength of the loonie is a great opportunity to initiate foreign content. Synthetic funds like the iUnits S&P 500 index fund (TSX:XSP) and the iUnits MSCI International fund (TSX: XIN) are considered Canadian content inside a RRSP.

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