As you can see by the chart above the US markets have done much better than the Canadian stock market (as represented by i-shares XIU). The reason for this is the diversification of the U.S. market and its exposure to some of the best technology companies in the world. You do not need to own a dedicated technology fund (but if you can handle the volatility it may be worth it) but it is important to have access to them. CI Global Income and Growth is an excellent example of this with several technology holding in the top 20.
147
Per: Globeadvisor
YTD
TOTAL 1-year return
TSX (Canada)
-4.60
2.18%
SP500 (United States)
1.84%
11.79%
TD Bond Fund (proxy for Canadian Bonds )
-1.02%
.86%
When you include dividends the US market has averaged about 8.5% over the last 10 years and that is very close to the average equity return over time. Sadly, Canada has not.
Per: Globeadvisor
10-year average return
TSX (Canada)
1.59%
2.18%
SP500 (United States)
6.69%
11.79%