August 11, 2008 Morning Spot

This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.



Last week’s US rally and Canadian slide reinforces the value of diversification. Add in a 4% move by the US greenback against the Loonie, and it sure paid to be international in your thinking.



Much of the benefit of holding a Canadian equity fund has disappeared in the last few weeks, as our currency has followed energy and material prices lower.



Is time to revisit your portfolio, and determine how you want to be positioned over the next year?



I think so.



Solid Canadian companies should form the core of most investment plans, but real opportunity exists around the world, and now is a great time to move from a basket of mutual funds, to a globally diversified portfolio.

Have you outgrown your mutual funds?



For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260.

This program is for information purposes only. Fees, management fees, and commissions may be associated with mutual fund investing.

Investors should consult their prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital Inc, member CIPF.