Basically, Vanguard will allow Canadians to follow the CCP strategy with a single ETF.
No rebalancing needed by the investor but slightly higher fees (MER 0.24%) than the traditional 3 ETFs version.
Investing giant Vanguard launches ‘one-ticket solution’ ETFs
As noted in the article, it may be an interesting alternative to robo-advisers for 1/3 of the fees.
No rebalancing needed by the investor but slightly higher fees (MER 0.24%) than the traditional 3 ETFs version.
The Vanguard Conservative ETF Portfolio (VCNS-TSX) has a 40/60 mix of stocks and bonds, respectively, the Vanguard Balanced ETF Portfolio (VBAL-TSX) has a 60/40 mix and the Vanguard Growth ETF Portfolio (VGRO-TSX) is 80/20. Each has a management expense ratio that should come in around 0.24 per cent
Investing giant Vanguard launches ‘one-ticket solution’ ETFs
As noted in the article, it may be an interesting alternative to robo-advisers for 1/3 of the fees.