Canadian Investors: Yes, You Should Buy U.S. Stocks
Canadian Investors: Yes, You Should Buy U.S. Stocks
While the Canadian stock market has delivered inflation-beating returns to shareholders, it has trailed the broader U.S. indices by a wide margin in the last twenty years. Since July 2004, the TSX index has returned 400% in dividend-adjusted gains. Comparatively, popular indices south of the border, such as the S&P 500 and the Nasdaq Composite, have generated returns of 641% and 1,007%, respectively, in this period.
雖然加拿大股票市場爲股東實現了打敗通貨膨脹的回報，但在過去二十年中它大幅跑輸於更廣泛的美國指數。自2004年7月以來，tsx指數股息調整增益率達到了400%。相比之下，南部流行指數如標準普爾500指數和納斯達克綜合指數，在此期間分別產生了641%和1007%的回報。
Letâs see why Canadian individuals and households should invest in stocks south of the border, helping them accelerate their retirement plans.
讓我們看看爲什麼加拿大個人和家庭應該在邊境股票方面投資，幫助他們加速養老計劃。
Provides diversification and lowers risk
提供多樣化而降低風險的投資
Having a home-country bias is quite natural, given you are exposed to domestic companies and brands at an early age. However, Canadians should note that the countryâs stock market accounts for just 3% of the global market in terms of weight.
鑑於您在早期接觸到本國公司和品牌，對本國產業有偏向性是很自然的。但加拿大人應該注意，在權重方面，該國股票市場僅佔全球市場的3%。
Alternatively, the U.S. economy is the largest in the world, and it provides exposure to some of the fastest-growing and most innovative companies worldwide.
而美國經濟是世界上最大的經濟體，並提供對一些全球增長最快和最有創新力的公司的敞開式機會。
Several Canadians have a sizeable exposure to the TSX index, which does not make sense. Yes, there are certain benefits to owning Canadian stocks, given the tax advantages provided by registered accounts, such as the Tax-Free Savings Account and the Registered Retirement Savings Plan. For instance, dividends earned by holding U.S. stocks are subject to a 15% tax even if the stock is held in a TFSA.
有些加拿大人在tsx指數方面有相當大的投資，這沒有道理。確實，持有加拿大股票有一定的好處，例如持有免稅儲蓄賬戶和註冊養老儲蓄計劃等註冊帳戶，稅收優惠明顯是其中之一。例如，持有美國股票賺取的股息即使在TFSA中持有該股票也要繳納15%的稅。
Nevertheless, the risks associated with not investing in U.S. stocks are considerable and cannot be ignored. In addition to double-digit annual gains, investing in U.S. companies offers diversification and lowers investment risk.
然而，不投資於美國股票所帶來的風險是相當可觀的，不能忽視。除了每年兩位數的增益之外，投資美國公司還提供多樣化和降低投資風險的機會。
Higher exposure to the tech sector
更大的科技產業曝光率
The largest Canadian companies are from legacy sectors such as banking and energy. Comparatively, the largest companies south of the border are big tech giants such as Apple, Microsoft, Nvidia, Amazon, Meta, and Alphabet.
最大的加拿大公司來自傳統的銀行和能源板塊。相比之下，邊境上最大的公司是蘋果、微軟、英偉達、亞馬遜、Meta和Alphabet等科技巨頭。每個這樣的公司享有高利潤率和廣闊的競爭壁壘。由於它們是擴大可尋址市場的一部分，未來科技巨頭應繼續優於其加拿大同行。
Each of these companies enjoys high profit margins and a wide competitive moat. As they are part of expanding addressable markets, the big tech behemoths should continue to outperform their Canadian peers going forward.
加拿大投資者可以通過持有交易所交易基金（ETF）來最好地在美國股票市場上投資，例如Vanguard S&P 500指數ETF（tsx:vsp）。該vsp跟蹤標準普爾500指數，管理的資產超過33億美元。此外，該ETF對於加元進行了套匯，使投資者免遭匯率波動的影響。
How to invest in U.S. stocks?
如何投資美國股票？
Canadian investors can best invest in the U.S. stock market by holding exchange-traded funds such as the Vanguard S&P 500 Index ETF (TSX:VSP). With more than $3.3 billion in assets under management, the VSP tracks the S&P 500 index. Moreover, the ETF is hedged to the Canadian dollar, shielding investors from fluctuations in exchange rates.
加拿大投資者可以通過持有交易所交易基金（ETF）如Vanguard S&P 500指數ETF（tsx:vsp）來最好地在美國股票市場上投資。該vsp跟蹤標準普爾500指數，管理的資產超過33億美元。此外，該ETF對於加元進行了套匯，使投資者免遭匯率波動的影響。
In the last 10 years, the VSP has returned 11.46% to investors, just lower than the S&P 500 index gains of 11.71%. With a management fee of 0.08% and an expense ratio of 0.09%, the VSP ETF is a low-cost passive index fund.
在過去的10年中，VSP給投資者帶來11.46%的回報，略低於標準普爾500指數的11.71%的增益。管理費爲0.08%，費用比爲0.09%的VSP ETF是一種低成本的被動指數基金。
While the tech sector dominates the S&P 500 index, you get access to 500 stocks in the U.S. With a median market cap of $311 billion, the median price-to-earnings multiple for stocks in the VSP ETF is 26.1 times. Comparatively, the earnings growth rate is 15.7%, while the return on equity is 24.6%.
雖然科技行業主宰着標普500指數，但你可以在美國獲得對500只股票的訪問。VSP ETF股票中，中位市值爲3110億美元，其中每隻股票的中位市盈率爲26.1倍。相比之下，淨利潤增長率爲15.7%，而權益回報率爲24.6%。
The information technology sector accounts for 30.6% of the VSP ETF, followed by financials at 12.9% and healthcare at 12%.
信息技術行業在VSP ETF中佔30.6%，其次是金融佔12.9%，醫療佔12%。
The post Canadian Investors: Yes, You Should Buy U.S. Stocks appeared first on The Motley Fool Canada.
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譯文內容由第三人軟體翻譯。