Opinions
John DeGoey
iShares MSCI World Index Fund
XWD-T
BUY
May 02, 2016
$38.610
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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BUY
Is it smart to buy two diversified ETFs then take a single position out? No, he doesn't recommend nor use single stock positions. If you want one single ETF, look at XWD. It spans the world (large-cap, blue-chip and diverse) and it has gotten off to a great start this year. He prefers ETFs that are cheaper than most, but not the cheapest, because he prefers ETFs that are factor-based which will cost 35 basis points. The 35 basis points are worth it than a no-frills, super-low MER ETF.
E.T.F.'s
COMMENT
Growth potential? It's good for growth, especially with a long-term horizon. An even better way to harness market beta is XMW, which a minimum-volatility index ETF and reduces the risk of high-risk stocks by excluding them. You'll get the same long-term returns, maybe higher, but at lower risk. A smoother ride.
E.T.F.'s
BUY
Global ETF to balance out the overweight in Canadian stocks?
A Morgan Stanley world index ETF would be good and simple. Because the US is so dominant in market-weighted indices, a Morgan Stanley ETF will have 70% in US stocks. But you're getting global diversification, not EMs. That will be somewhat of an offset.
It'll be very conservative.
E.T.F.'s
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TFSA 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.