Q: Hi all
Can you advise a ETF substitute to replace my TD3049 mutual fund, looking for lower MER with similar return :)
Thanks kindly,
Can you advise a ETF substitute to replace my TD3049 mutual fund, looking for lower MER with similar return :)
Thanks kindly,
5i Research Answer:
TDB 3049 is the Disciplined Equity Alpha Fund. It follows a quantitative strategy with a US focus. In terms of holdings, roughly 29% of the fund is in the MAG 7 stocks, so these will drive a lot of the performance but outside of this it does hold some differentiated names. Given the strategy, it is hard to find an obvious replacement but it has performed similarly to the broad US index according to Morningstar so a lower cost S&P 500 ETF or blend with a Nasdaq ETF could get something close to a similar outcome at a lower cost.