Quote:
Originally Posted by Cowboy89
His angle is less domestic investment = less Assets under his own management to draw commissions / fees from.
The right way to address this issue isn't compelling pension funds to invest in subpar domestic investment opportunities, it's taking initiatives to bolster the economy domestically to make the investment opportunities in Canada more attractive to not only attract domestic investment but foreign investment as well.
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Well for a resource based economy that is easier said than done. There are a significant amount of asset owners around the world who flat out will not invest in fossil fuels. It's not a question of "blackballing" Canada or anything like that. It's that we have a few sectors that dominant the TSX and frankly some of those are non-starters for some major foreign investors.
That doesn't mean pensions here in Canada should be piling into Canadian equities though. It just makes it more difficult to attract foreign investment.