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5i Recent Questions
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BMO MSCI USA High Quality Index ETF (ZUQ)
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BMO S&P 500 Index ETF (ZSP)
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BMO S&P/TSX Capped Composite Index ETF (ZCN)
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iShares Canadian Growth Index ETF (XCG)
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Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY)
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Vanguard U.S. Dividend Appreciation Index ETF (VGG)
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Vanguard Balanced ETF Portfolio (VBAL)
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Vanguard Growth ETF Portfolio (VGRO)
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Vanguard All-Equity ETF Portfolio (VEQT)
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iShares Core Balanced ETF Portfolio (XBAL)
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iShares Core Growth ETF Portfolio (XGRO)
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iShares Core Equity ETF Portfolio (XEQT)
Q: Following up on Harrison's RESP question from February 10th, I'm seeking advice on ETF recommendations for my grandson's RESP. He turns two in March 2025, giving him approximately 16 years until he'll need the funds.
I appreciate your ETF recommendations, particularly the split between Canadian and US markets (VGG, ZSP, ZCN, XCG, VDY). I'm also considering ZUQ (BMO MSCI USA High Quality Index), but I'm wondering if it's too similar to ZSP? Your thoughts?
I do not like CDZs holdings as much.
You also mentioned two balanced ETFs in your response (XBAL and VBAL). The fixed income allocation is approximately 40% for these balanced ETFs. In contrast, XGRO and VGRO have a fixed income allocation of around 20%, and XEQT or VEQT have no fixed income. What I like about these allocation ETFs is they have some international exposure.
Considering the long-term horizon, I'm leaning towards XEQT/VEQT, which have no fixed income. My main question is whether the 20% fixed income component of XGRO/VGRO or even the XBAL/VBAL (40% fixed income) is necessary for a two-year-old’s RESP? Or are XEQT/VEQT too aggressive, considering the other ETFs mentioned?
Finally, wouldn't it be more appropriate to introduce a 100% fixed income ETF closer to the withdrawal age or perhaps three years before we start accessing the funds?
Deduct as many points as you think necessary.
As always thanks for the great advice.
Élaine
I appreciate your ETF recommendations, particularly the split between Canadian and US markets (VGG, ZSP, ZCN, XCG, VDY). I'm also considering ZUQ (BMO MSCI USA High Quality Index), but I'm wondering if it's too similar to ZSP? Your thoughts?
I do not like CDZs holdings as much.
You also mentioned two balanced ETFs in your response (XBAL and VBAL). The fixed income allocation is approximately 40% for these balanced ETFs. In contrast, XGRO and VGRO have a fixed income allocation of around 20%, and XEQT or VEQT have no fixed income. What I like about these allocation ETFs is they have some international exposure.
Considering the long-term horizon, I'm leaning towards XEQT/VEQT, which have no fixed income. My main question is whether the 20% fixed income component of XGRO/VGRO or even the XBAL/VBAL (40% fixed income) is necessary for a two-year-old’s RESP? Or are XEQT/VEQT too aggressive, considering the other ETFs mentioned?
Finally, wouldn't it be more appropriate to introduce a 100% fixed income ETF closer to the withdrawal age or perhaps three years before we start accessing the funds?
Deduct as many points as you think necessary.
As always thanks for the great advice.
Élaine
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BMO Equal Weight US Banks Index ETF (ZBK)
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BMO MSCI USA High Quality Index ETF (ZUQ)
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Global X S&P 500 Index Corporate Class ETF (HXS)
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iShares Core S&P/TSX Capped Composite Index ETF (XIC)
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iShares S&P/TSX 60 Index ETF (XIU)
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Vanguard U.S. Dividend Appreciation Index ETF (VGG)
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Global X Europe 50 Index Corporate Class ETF (HXX)
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iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV)
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BMO S&P US Mid Cap Index ETF (ZMID)
Q: I have CAD to invest in Canadian-dollar denominated ETFs: (1) Canadian stocks - VGG. XIU XIC XDIV; (2) US ETFs in CAD FX - HXS ZUQ ZMID and ZBK and (3) - EU ETF - HXX. How to go about assessing one against the other. Is there a better ETF in each group you would prefer? Would appreciate guidance on which ones are keepers for long-term hold? How would you evaluate them?
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BMO Equal Weight US Banks Index ETF (ZBK)
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BMO MSCI USA High Quality Index ETF (ZUQ)
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Global X S&P 500 Index Corporate Class ETF (HXS)
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iShares S&P/TSX 60 Index ETF (XIU)
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Invesco Aerospace & Defense ETF (PPA)
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Global X Europe 50 Index Corporate Class ETF (HXX)
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American Century ETF Trust (QGROQGRO)
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ENTREPRENEURSHARES (XOVR)
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BMO S&P US Mid Cap Index ETF (ZMID)
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iShares U.S. Broker-Dealers ETF (IAI)
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First Trust RBA American Industrial Renaissance ET (AIRR)
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Invesco S&P 500 Momentum ETF (SPMO)
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Evolve Canadian Utilities Enhanced Yield Index Fund (UTES)
Q: Part of our total portfolio is invested in ETFs [non-registered accounts] and one-third is in Canadian-based and Canadian-dollar denominated US ETFs. Another third is in US ETFs - spread among Large Cap Value, Blend and Growth, and SMID. The final third is in Special US ETF - IAI ZBK AIRR PAVE SHLD PPA SMH UTES AND HXX. Your advice is requested as to which ones to over-weight, underweight or sell. Please rank each category, if you would. My lean is less tech/ M7 as already own most.
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