Q: VFV vs. VOO:
I understand VFV ETF contains VOO ETF, correct? What would you recommend, buy VFV in CDN $ account, or convert CDN$ cash in US$ cash using Norbit gambit and buy VOO in US account with US$? Any other recommendation for ETF to invest in US S&P500?
I understand VFV ETF contains VOO ETF, correct? What would you recommend, buy VFV in CDN $ account, or convert CDN$ cash in US$ cash using Norbit gambit and buy VOO in US account with US$? Any other recommendation for ETF to invest in US S&P500?
5i Research Answer:
VFV does hold 99.5% of its total portfolio in VOO. We would suggest just buying VOO as fees are lower (0.03% vs 0.09%) and we do prefer US exposure typically be held in a US$ account. We also like SPY, and we like XUS and ZSP also for CAD exposure to the S&P 500.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV, SPY.