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Investment Q&A

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Q: In the last 12 months, the canadian dollar has fallen on average about 72 cents to now under 70 cents approximately, therefore if I understood the hedge vs unhedged issue correctly, VSP should have outperformed VFV. it looks like the complete opposite in 1 year returns. Why is that ?
Read Answer Asked by Ernest on January 23, 2025
Q: Hi,

My partner has some CAD and USD to invest in a TFSA starting now can you please recommend some ETFs that are CAD hedged and USD that would give diversified exposure and good potential for the next 3-5 years? Thinking Mid-cap ETFs may have room to grow. To balance the portfolio can you also recommend some bond funds as well. Thank you!
Read Answer Asked by Mark on January 08, 2025
Q: Are there any broad US market ETF's that I can buy in Canadian dollars that will be neutral to whether the Canadian dollar goes up or down vs the US. I am worried that if I convert too much money to USD at the current rate, it might backfire on me if our dollar somehow rallies, (which seems unlikely right now, but who knows)
Read Answer Asked by Maria on January 02, 2025
Q: Are there US withholding taxes associated with the ETF's that are offered by Vanguard Canada (or any other Canadian ETF issuer) that pay a USD distribution??
Thanks
Read Answer Asked by Gary on December 16, 2024
Q: I am looking at hedged ETF's and specifically VSP. I was interested to see how well the ETF tracked the index and found that over a 5 year time frame - it underperformed by about 11%. (Total return for VSP is 81.0% and SPX is 93.33% - The Vanguard US ETF - VOO tracks SPX almost exactly.)

I am assuming that this underperformance is because the hedging strategy is not perfect?? .......or does the 11% difference represent the cost of hedging?? Also - would other hedged ETF's have similar comparisons??
Thanks
Read Answer Asked by Gary on December 05, 2024
Q: Can you please recommend 3 hedged CDN ETFs that follow the S&P 500, but with less % ownership of the 7 high tech companies such as owned by: ZUE, XSP, and VSP? I'm looking for 10% profit over one year including both dividends and capital appreciation.
Read Answer Asked by Ron on July 23, 2024
Q: I looked up a statistic from Morningstar called "Annual Portfolio Turnover". For VFV it is 3.47% and for VSP it is 26.1%. The passive index is the same but VSP is hedged to the Canadian dollar. Can you help explain what is included in this statistic? (AUM changes?, stock additions/deletions?, hedging? etc)
Could you please give me an example of situation where one might see 150% for an active ETF or aggressive mutual Fund? Thanks.
Read Answer Asked by Ian on May 08, 2024
Q: hi, can I get your top pick(s?) for a US market(s?) ETF CDN$ hedged long term hold.
cheers, Chris
Read Answer Asked by chris on January 09, 2024
Q: My company has a one year horizon before we need the money that is currently invested in stocks and for the better part are under water. We are currently sitting on 50% cash and would like to invest the money to try to make some capital gain to offset the losses. I know as we all know that one year is very little but we trust that the market will be higher in April 2024. Do you agree with that thesis and if so where would you invest money in order to keep a safe and optimal return? Please answer by percentage of where through index funds and secondly would you put time horizon to invest in slices or all in now?
Thanks for your precious help.

Yves
Read Answer Asked by Yves on February 06, 2023
Q: Dear 5i
The above noted ETFs are the ones i commonly use in my RRSP , TFSA and non registered accts .
CDZ and ZLB are used for CDN content and the rest for US content.
I believe there is probably some redundancy in these and was wondering which ETFs could be left out .
Which ETFs would you use for RRSPs , which for the TFSAs and which for the non-registered acct .?
Thanks
Bill C
Read Answer Asked by Bill on May 25, 2022
Q: Hello Peter,
Are both etfs providing similar exposure to US 500 index (similar to SPY) and are they hedged? Would you recommend one over the other or both are about the same? Thanks very much. Does hedged mean the securities are protected if Canadian dollar goes up or down?
Read Answer Asked by umedali on February 23, 2022
Q: Is there any difference in performance between between a US listed ETF and the equivalent Canadian TSX listed ETF? Is it best to keep it in Canadian currency?
For example: VOO// VFV/ VSP or QQQ// QQC.F/ QQC
Also what would you recommend for hedged vs non-hedged and also market weight vs equal weight?
Thanks
Read Answer Asked by Ben on October 01, 2021
Q: Hi team,

I currently hold TD e-Series Funds in my RRSP and plan to replace them with other index ETFs. What would be your top 5 picks for this?
I have a high risk tolerance with a 25 year timeline.

Thank you
Read Answer Asked by Patrick on July 05, 2021
Q: This is a list of the ETF's in my portfolio, (I have omitted the fixed income ETF's that comprise of about 20%).

Do you see any issues with the selection? Any overlap? Perhaps there are better alternatives than the ones chosen.

Thanks for the great service.
Read Answer Asked by Robert on June 30, 2021
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