So basically trying to turn the biggest perceived negative that people have with the APP (will be used to invest in alberta companies), and apply it to the CPP. Therefore driving a dilemma of "would you rather have your money invested in the rest of Canada, or invested in Alberta on Albertans". I can see this as a question in the referendum.
I have zero clue what this dual-mandate thing is that he speaks of, and I'm sure most of the people that will see quotes from this won't either, but believe it to be bad.
Quote:
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AIMCo does not believe we need to increase our investments in Canada. While our public disclosure makes clear we invest nearly half of our clients’ portfolios domestically, AIMCo must be free to seek investment opportunities by achieving the portfolio benefits of global diversification.
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This is an interesting comment. While they admit that a large chunk of their portfolio is within Canada, they must not be restricted to be diverse and invest globally..... Well..... Why didn't you? The CPP is at 14% within Canada, you are near 50% and are complaining that you shouldn't be directed (I don't think there is a direction?) to invest within Canada, but clearly you don't have problem with that already.