Media Advisory/Interview Opportunity - "Opportunities Abound For Canadian
Investors To Capitalize On The Mighty Loonie"
BMO's Serge Pépin Says Consider a Currency Hedged ETF or Mutual Fund to Guard Against Currency Fluctuations
TORONTO, April 13 /CNW/ - According to BMO, there are a number of ways for individual Canadian investors to cash in on the rising Canadian dollar.
"The recent rise of the loonie has provided Canadians with significant opportunities. Specifically, there are a number of mutual fund and exchange traded fund options that are ideally suited for this environment," says Serge Pépin, Director, BMO Investments Inc. "With a little research and planning, there are a number of ways for people to take advantage of the situation when it comes to their investments."
Serge Pépin Offers The Following Tips For Canadians Looking To Cash In On The Rising Dollar:
- For those investors who are concerned about currency fluctuations, there are options - consider investment products that hedge the currency back to the Canadian dollar, such as BMO's U.S. High Yield Bond Fund, and BMO's Dow Jones Industrial Average Hedged to CAD Index ETF. - In order to hedge or guard against currency exposure, be flexible with U.S., international equity, and/or foreign fixed income funds. In other words, do not over commit to one specific fund on the assumption that it will increase in value. - Maintain a well-diversified portfolio of stocks and bonds - domestic and international - to minimize any negative impact of the rising Canadian dollar. - Now may be a good time to invest in the Canadian stock market, as the recent rise of the Canadian dollar is directly tied to the country's strong economic fundamentals and the rise in commodity prices. - Investors should never lose sight of their financial goals and aspirations. Sit down with your financial advisor to review your investment portfolio, ensuring they map to your objectives.
To arrange an interview with Serge Pépin, please contact one of the individuals below.
For further information: Media Contacts: Kasia Lech, Toronto, [email protected], (416) 867-3996; Sarah Bensadoun, Montreal, [email protected], (514) 877-8224
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