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Opinions Larry Berman CFA, CMT, CTA
Vanguard FTSE All-World ex CanadaVXC.TOCOMMENTApr 13, 2015
Larry Berman CFA, CMT, CTAStock price when the opinion was issued
As of Jun 12, 2026. Market Open.
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Premium contentHolding over 11,500 individual stocks from around the world - excluding Canada -- we reiterate VXC as it provides instant diversification and broad market coverage. The portfolio average PE is 22, has a ROE of 18%, and seen average earnings growth over 20% for the past 5 years. We recommend trailing up the stop (from $71) to $75, looking to achieve $99 -- upside potential of 18%. Yield 1.4%
Premium contentPremium contentVXC is a low-MER ETF (0.22%) which holds over 11,500 individual holdings from around the world - excluding Canada. It provides instant diversification and broad market coverage. The portfolio average PE is 22, has a ROE of 18%, and seen average earnings growth over 20% for the past 5 years. We recommend setting a stop-loss at $63, looking to achieve $87 -- upside potential of 18%. Yield 1.4%
US, large cap, mid cap, rest of the world, EMs, but no Canada. Good completion index for Canadians looking to overseas. Not the most tax efficient because it owns US ETFs wrapped up in it, and with international markets there's a double-withholding tax.
If it's money you have sitting on the sidelines, don't go in now. The rest of the world is still pretty richly priced; cheaper relative to the US, but not "cheap". Wait for a correction. If you already have the money invested, and you're rotating out of Canada and into this, then he's OK with that trade today.
XAW-T vs. VXC-T. Both are good ETFs. XAW-T is cheaper. They are great one-ticket solutions. He has an extremely high bias in Canada.
This would effectively be Canada, US, Asia and the Far East. In this you are probably going to have 300 shares in the underlying ownership, and you will have the top performing companies in those markets. He is concerned that it is very weighted towards technology and you are not getting any exposure to the parts of the market that have not performed. You are not going to have any exposure to commodities and very little exposure to energy, which are the segments that have done very poorly in the last couple of years.
(A Top Pick Aug 17/15. Down 4.57%.) This has hurt Canadians in the last year, because Canada has had a pretty good year.
John DeGoeyTFSA vs RRSP, and examples of ETF’s that would be more suitable? For the large majority of people, the TFSA money is the money that you can be a little more aggressive with because there is more flexibility because the growth you have will be pulled out tax-free. If you want things that are going to grow, and hopefully will be a little more aggressive as a result of seeking that growth, he would use things like iShares MSCI World Index Fund (XWD-T) or Vanguard FTSE All-World ex Canada (VXC-T), both global broadly diversified equity positions that are trying to get you exposure around the world.
Global Dividend ETF, X-Canada. He does not use ETFs because he can diversify naturally. He would recommend for younger investors this one. It is diversified, 55% US, global and very little Canada. It has a low MER. Always be conservative at first. But some blue chip Canadian to go along with it.
(A Top Pick Jan 21/15. Up 4.26%.) If you missed the diversification last year by not getting out of Canada, this is a good time to start. If you have a 100% Canadian portfolio, and would like 20% to be in something else, this is a great way to get your toe into the water.
Terry ShaunessyBest ETF in a child’s RESP? Assuming the child is fairly young and has a long ways to go, he would recommend an equity ETF, and his favourite is Vanguard FTSE All World EX-Canada (VXC-T). Recommends this because he is kind of bearish on Canada because of its oil exposure. This gives you stocks from around the world.
Vanguard FTSE All-World ex Canada (VXC-T) or iShare Core MSCI World of Canada (XAW-T) for an RRSP? You have to focus on global investing. Canada is only 4% of the world. A Canadian’s portfolio, on average, is going to have 50% or more exposure to Canada, and that makes sense only when energy is doing well. That is the biggest swing factor in the Canadian marketplace. These are 2 great ETF’s. They give you basically the entire world outside of the US. This one is a little more focused on larger caps where the Ishare version is all-inclusive.