News Releases
| WHAT: | Certain investors have been putting too many of their investment
eggs in one Canadian basket as higher-performing resource stocks,
combined with a strong Canadian dollar, have given them a false sense
of security. In fact, Canadian equity funds have dominated mutual
fund sales over the past two years, with $20 billion in total sales,
while foreign equities have experienced a net outflow of $4.8 billion
over the same time period.*
This trend has earned investors positive returns over the past year, as Canada has been the best-performing market. However, historical market data shows that investors should be cautious of that trend continuing. Media are invited to listen to brief commentary of three international fund managers’ views on the Canadian and foreign equity markets and their recommended strategies for moving forward. They will discuss why Canadian investors may want to explore foreign investment opportunities, particularly since Canada only represents three per cent of the world’s market.
|
| WHO: | Derek
Sasveld, Portfolio Manager, BMO US Equity Class Fund Shifeng
Ke, Portfolio Manager, BMO Greater China Class Fund Jeff
Coggshall, Portfolio Manager, BMO Greater China Class Fund MODERATOR: Scott Steele, Chief Investment Officer, BMO Mutual Funds |
| WHEN: | Tuesday, June
7, 2005 |
| WHERE: | Conference Call Number: 1-800-946-0709 |
A transcript of the call and one-on-one interviews will be available.
*Source: IFIC, Data as at February 28, 2005, Canadian equity funds includes: Canadian Equity, Dividend, Balanced, and Real Property Funds.
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