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iShares Core S&P/TSX Capped Composite Index ETF (XIC)
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Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-Hedged) (VI)
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Vanguard S&P 500 Index ETF (VFV)
Q: My son has held VFV and XIC in his RRSP account for a few years now. That was based on your recommendation around starting an ETF portfolio for him at that time.
He will have extra cash to contribute this year, and I'm wondering if he should maybe add some other ETF's at this point, or just continue to stick with these 2.
If he should add, what other ETF's would you recommend?
Also, for the 2 he already has, do you still think VFV and XIC are the best choices, or are there other ETF's you like better right now?
Thank you!
He will have extra cash to contribute this year, and I'm wondering if he should maybe add some other ETF's at this point, or just continue to stick with these 2.
If he should add, what other ETF's would you recommend?
Also, for the 2 he already has, do you still think VFV and XIC are the best choices, or are there other ETF's you like better right now?
Thank you!
5i Research Answer:
For a young investor, and we are assuming still relatively low dollar amounts, we would remain very comfortable with exposure to both US and Canadian markets with XIC and VFV. We would be comfortable adding to either, but we do think the US market (VFV) still looks poised to do better than Canada. VI might be of interest for international exposure if desired. We would be OK adding this as well but would not deem it entirely necessary for a young investor at this point.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.