Vanguard All-Equity ETF Portfolio ETF (VEQT.TO)

This question really goes to timeline and the age of the beneficiary. If you need the $$ back in a year, he's taking no risk and basically putting it under the mattress ;)  For 1-2 years, he'd put it in very safe fixed income. For 3 years, starting to get into balanced growth (perhaps 60/40). 

Anything beyond 3-5 years, he's looking at a lot of equity in a portfolio. And usually with RESPs, you're contributing along the way. Look at a single-fund solution like VEQT (100 equity), then move to VGRO (80/20), and finally VBAL (60/40). 

RESPs are really about saving, and continuing to save. You know how much you think you might need ($20-24k a year), and you just have to get yourself there.

Totally growth-oriented. Could be applicable to a corporate account, though some ETFs out there defer distributions. Consult a tax professional before you buy.

Excellent option for exposure to equities. Vanguard products very good, with low expenses. A great way to invest, and leave "alone" for 10 years. No bonds (dividend yield), but great option. 

Billy Kawasaki’s Insights - Picks from 5i Research. A fund that is all equity so there is some market risk. It is large and liquid, offering a global exposure. 40% of assets are in the US, with 29% in Canada. There is no dividend withholding tax if in an RRSP. Unlock Premium - Try 5i Free

VEQT vs. VFV vs. XWD He prefers VEQT and XWD, because he'd rather be all-world than just the U.S. He likes diversification. VEQT is all-cap vs. XWD is large-cap, and he prefers all-cap. So, VEQT is his top choice here.