Q – I am using your Global Portfolio as one of my investment accounts and it is doing well. However, one thing has me puzzled. The portfolio has approximately 85% invested in the USA and Canada, and only 15% which I would call international. Can you explain the rationale please? – Alain H.
A – The outperformance of US stocks in recent years, especially tech issues on Nasdaq, has resulted in slippage in the relative weightings of other securities in the portfolio. Because the portfolio was doing well, I didn’t correct this. However, it now appears we need some rebalancing, which I will do at the time of the next update, scheduled for March. – G.P.