What’s the verdict on home country bias?

I’m looking for an impartial take on this. If you have any reliable sources, that would be great!

Suppose you don’t dispute benefits of diversification and are seeking the optimal country allocation that will outperform over a 10 year horizon.

You live and work in Canada and earn in CAD.

Is there a coherent argument for going overweight Canada?

p.s. Assume dividend/cap gain taxes are not a consideration, i.e. you’re investing in registered accounts.



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