Opinions Richard Orrell
TD U.S. Equity Index ETFTPU.TOTOP PICKJan 20, 2025
Richard OrrellStock price when the opinion was issued
As of May 28, 2026. Market Open.
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Quite similar holdings. Within a few percentage points, they oscillate as to which one's doing better at any given time. Both are good choices.
TPU's tracking index is Solactive. Uses this as a core holding. MER might be slightly lower than VFV.
VFV is the S&P 500 with S&P Global as the benchmark index.
Richard OrrellZQQ is the NASDAQ 100. COST is in the top 10 holdings. Choose this one for more growth long term, but it's absolutely expensive right now. TPU is broader US large-cap exposure. Doesn't track the S&P 500, but very similar. JPM is one of the top 10 holdings.
If you're putting new $$ to work, avoid both for now.
The weak USD is a serious headwind, 5% in recent months. The move isn't done, so he's hedging his holdings as the CAD is strong against the USD>
Richard OrrellPerfectly good, nothing wrong with it. He initially bought it to save tax.
John HoodIt is a solid ETF at quite a low cost. Its companies, tech and otherwise are so cemented and still seeing growth. Tech is concentrated on higher tech names. He is holding and adding some.
Richard OrrellIt's the SP 500, similar to other ETFs like VB. He's neutral the US market in the short term. He uses it as a strategy to minimize capital gains in cash accounts.
John Hood
It has exposure to the U.S.and its MER is in the 0.04 range which is very very low. It has been a good performer for them. It is not very different than an ETF that tracks the S&P 500 - just uses a different index provider.