Opinions Larry Berman CFA, CMT, CTA
iShare Core MSCI World ex CanadaXAW.TODON'T BUYApr 24, 2017
Larry Berman CFA, CMT, CTAUnknown
$23.74
Stock price when the opinion was issued
$56.17
As of Jun 10, 2026. Market Open.
E.T.F.'s
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BUY
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It is a large and cheaper fund that is good for ex Canada exposure. There is less exposure than other ETFs in tech and health care but it has wide appeal to most investors for non-Canadian exposure for diversification. Unlock Premium - Try 5i Free
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E.T.F.'s
DON'T BUY
With the MSCI, you get 2000 companies worldwide. You don't need another all-world fund since there will be correlation risk. It's a fundamental way to get into the stock market. He would wait and see what happens in the market, since he believes we'll see an opportunity to buy at a cheaper price.
E.T.F.'s
TOP PICK
Some of the offshore stocks are worth investing because multiples are cheaper. Prospects in Canada are so-so, so it’s a good way to diversify out of Canada.
David CockfieldOwned
E.T.F.'s
TOP PICK
The US is almost 57% with 8% Japan. It's an ETF that gives you foreign exposure outside of North America with a good base. A good diversification tool to have.
David CockfieldOwned
E.T.F.'s
WEAK BUY
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.
E.T.F.'s
PAST TOP PICK
(A Top Pick Aug 10/18, Down 1%) The multiples on foreign stocks are very reasonable in comparison to Europe or North American stocks. These companies are benefiting from the China problem. Should see reasonably good numbers from these companies. Currently holding it and hasn't sold any of it.
David CockfieldOwned
E.T.F.'s
COMMENT
Can double-dipping be disadvantageous if I buy MSFT, JPM and ZAW? It depends on concentration--how many shares you own of each? Don't hold 10% of your portfolio in a single investment. Generally, he would own only the ETF--for diversification and lower risk--and not the stocks. He wouldn't worry about XAW, because the stock weightings within it would be low.
E.T.F.'s
PAST TOP PICK
(A Top Pick May 25/18, Up 6%) Canada will see only 2% growth this year because of weak oil. This gets you ex-Canada exposure in a good way, including America. Offers good diversification. Only a 0.20% MER.
David CockfieldOwned
E.T.F.'s
TOP PICK
Highly-diversified: US 56%, Japan 8%, UK 5% plus China, but not Canada. A good way to play the world in only big corporations.
David CockfieldOwned
E.T.F.'s
TOP PICK
If you want to buy something outside Canada. 55% US, 8% Japan, 3% China. Chance to invest in US and foreign. Good safe way to put your money outside Canada in some good solid names. MER is cheap.
David CockfieldOwned
E.T.F.'s
When you buy a foreign ETF in Canada, you get a dividend tax withholding. These ETFs have double negative taxation. They are not the ideal ones to use. He likes it otherwise for its overall exposure. It is a fund holding a fund and that causes you to get dinged twice.