ON DIVERSIFICATION

It's RRSP season and time to review my portfolio. The S&P/TSX Composite Index had an amazing performance last year, gaining 17.3%, and I have come to realize that I need to diversify away from Canadian equities. My main concern lies with the TSE's reliance on Financials and Energy, which comprise 58.9% of the index (see below).

Consequently, I will be replacing a good portion of my Canadian equity funds with a S&P 500 index fund, which has the following composition.