Terry Shaunessy Vanguard FTSE Developed ex-US ETF VDU-T BUY Sep 23, 2015

Moving from MSCI to FTSE is not an issue for him. No matter which bench mark provider they use, it comes down to the cost of licensing it.

X-North America. Europe mostly, but also Australia, Japan. Hundreds of names. Low cost. Hundreds of names.

Developed markets outside of North America. Some emerging markets as well as developed markets. The US market is not really global diversification.

(A Top Pick Sept 9/13. Up 17.41%.) Mostly Western Europe, but also has some Australian and Japan, etc.

(A Top Pick Nov 4/13. Up 7.54%.) This deals with ex-North America, but in developed markets. This is the one that he is the least keen on. Canadians have too much money in Canada and are ridiculously overweight in home and country bias

Developed market ETF. The variance year to year is all about the currency.

(A Top Pick Dec 31/13. Up 3.15%.) Most of this is Europe, which has had a difficult year. Most people have too much money in Canada. Going forward, he thinks Europe will do better than Canada, because of Canada’s large exposure to energy.

(A Top Pick Feb 25/14. Up 12.55%.) This has done fairly well. Double digit is a healthy return by any reasonable standard. Most of the gains here came in the last 2-3 months.

Thought he'd give all the Canadians an "elbows up" moment to get not only US wine out of their diets, but also US stocks out of their portfolios ;)

MER is 22 bps. Broad exposure to the world, without the US. Very wide valuation differences compared to the US, especially in Europe and Japan. Potential weakening of the USD should also provide a boost on performance compared to the US. These ex-US companies are actually outperforming the US. Adds diversification too.