I am looking to diversity my portfolio (beginner) with some Canadian companies (stocks). My base currency is €. After reading How Currency Fluctuations Impact Canadian Investors I am left with questions.
The article describes investment of Canadian to US stock market. And that is pretty forward, you are exposed to stock price fluctuations and because you need to convert CAD->USD, you are exposed to currency fluctuations.
What if you invest in cross listed stock (ex. ABX.NYSE, ABX.TSE) are you exposed the same way? (here I mean long term, 5-10 years). I read somewhere that the exchange ratio is priced in and if I am reading price charts right that seems to be the case.
If company has headquarters in Canada is it best to invest on TSE or is there no difference (TSE, NYSE)? Are there any advantages/disadvantages?
And for investor from eurozone (€), is it best to invest into Canadian company on TSE or NYSE? How are the dividends effected?
Thank you!
Best Regards!
Submitted January 22, 2018 at 06:13AM by uninone http://ift.tt/2G5gVva
