Q: How much overlap is there between VFV and VGRO. This is for a RESP and would you owned both or just one? If only one which one you prefer? Funds not needed for at least 10 years. I own IWO and VGG already.
Thanks
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5i Research Answer:
VGRO owns 35% of a US total market index fund. This would be the only area of overlap with VFV, and considering the breakdown of the S&P 500 we would suggest about 20% total overlap. We would prefer VFV. VGRO does own bonds. Not that there is anything wrong with that but they will likely drag performance vs stocks over 10 years.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.