|UNKNOWN||NORTH AMERICAN - LARGE & ETFs||_N/A|
Educational Segment. Currency effects on your portfolio. Over the next decade, average returns are going to be lower. When you invest globally, currency is the most important consideration. When the CAD$ is getting weaker, you are making money. However, when it gets weaker, it reduces profits. With ETFs you can control the currency. Currency explains about 70% of the difference in returns when investing globally.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc. http://www.etfcm.com