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iShares Russell 2000 Growth ETF (IWO)
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iShares Core S&P/TSX Capped Composite Index ETF (XIC)
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Vanguard S&P 500 Index ETF (VFV)
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Q: Opening a fund for my grandson (5 months old). Could you recommend a few ideas please.
Thank you and Happy Holidays To All

Asked by Don on December 22, 2023

5i Research Answer:

We like and suggest starting with low cost ETFs, when an account is beginning. This provides instant diversification at low costs. Individual stocks can be added as an account grows. We would suggest: VFV and XIC for US/Canada general exposure. IWO could be added for some small cap growth exposure, if desired. We have used all equities here because of the assumed very long time frame from five months.

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.

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