Stockchase Opinions

John HoodiShares Core Equity ETF PortfolioXEQT.TODON'T BUYJan 03, 2023

Generally doesn't like these ETFs which are too broad geographically, over-diversified. Maybe if you have a little bit of money to invest broadly, okay. Otherwise, no.
$24.25

Stock price when the opinion was issued

$44.39

As of May 28, 2026. Market Open.

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STRONG BUY

Great for long-term, patient money with an all-equity mix beyond just Canada. MER is 20 bps. Consider pairing with FEQT.

WEAK BUY
TSX Composite at 26%, US 43%, Japan 6%.

100% equity, very broad and global. If you're very young and can handle the volatility, you can use this. Good solution if you want a simple solution, set it and forget it. For older investors, don't count on it for income.

Instead, he uses the Vanguard version for its higher concentration to the US. 

BUY

All equity. Broad array of assets. Tax implications for all things that have global assets in them -- but that's not the end of the world, and it's pretty common. 

Looking at the chart, you're going to feel that this is overbought. But it has US and global diversification, and that's where you want to be. Pullbacks will be muted; now is the time to invest, especially if you're planning for the long term (such as an education fund).

BUY
As the sole long-term hold in a TFSA.

Very comfortable with anything from iShares. (And also Vanguard, BMO, Global X. The smaller companies get very nichey.)

BUY

Great product that would recommend buying. All equity option for investors, would recommend a small portion that is good for long term investors. Broad exposure that investors can buy, and "forget" about for 10 years. Cheap management fees. 

COMMENT
He has issues with fixed income. You need fixed income to have a stable return. However, bond yields are so low that this part of the portfolio is impaired. Fixed income in the foreseeable future is not something investors should have. Need active strategy to deliver value in fixed income.
COMMENT
Getting about 50% US, 25% Canada and then 22% international developed markets, with the rest in emerging markets. Canada is however 3% of the global index. It is overweight Canada. If you think Canadian banks and energy will lead, then it is okay. Value is far more in the international markets than US large caps.
BUY
A way to play the global market place. It is weighted half in the US market, 24% in Canada and emerging markets at 5%. International developed markets account for 25%. This ETF is overweight Canada. Good for when financials and energy does well. In the big picture, the Canadian plays will not do as well as they have done in the last year. A good ETF to get broad exposure.