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Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-Hedged) (VI)
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Sun GIF Solutions Sun Life Schroder Emrg Mkts InvA (SLFSI155)
Q: 3 years ago I divided my pension 50/50 between MFS Global Equity and Schroder Emerging Markets in an effort to increase my international exposure. I had been 100% in the MFS Global Equity Fund and would have been much better off had I stayed there. I have a couple of options as I see it:
1) Move back to 100% MFS Global Equity Fund (portfolio drops to 20-25% international)
2) Stay the course (portfolio stays at 30% international)
3) #1 plus allocate some non-registered funds to an international ETF to get portfolio back to 30% international (suggestions?)
1) Move back to 100% MFS Global Equity Fund (portfolio drops to 20-25% international)
2) Stay the course (portfolio stays at 30% international)
3) #1 plus allocate some non-registered funds to an international ETF to get portfolio back to 30% international (suggestions?)
5i Research Answer:
The 2.49% MER (!) has been a big drag on the Schroder fund, vs 0.91% for MFS. Still, both have not exactly been steller, lagging the index over all time periods. Without getting personal, we think the right move here is to add back some MFS and add a quality low cost non-North American ETF such as VI. It is hedged to the C$, but fees are only 0.23% and its five year performance has fallen in between the two other funds (largely due to currency, gross performance would be better than both).