Two of my favorites are XAW from iShares and VXC from Vanguard. They are diversified (reducing risk), are tax-efficient (as they have a low portfolio turnover and don’t trade too often), can improve your returns (lower fees), and are easy to purchase online. This post may contain an affiliate relationship with companies that Wealth Awesome believes in personally. You can also use the promo code SAVVY50. You want to spread the risk because you don't know when the S&P500 will underperform the rest of the world, which it has. TFSA or RRSP. Learn how your comment data is processed. Get the latest stock price for Vanguard Growth ETF Portfolio Redeemable transferable units (VGRO), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Overall, there isn’t much of a difference, and you can’t go wrong with either. 4 – In this example, I am entering an order to purchase 100 units of VGRO at $25.63 using a “limit order” and setting the trade duration to GTC (good till cancelled). The asset mixes are designed to give you worldwide exposure, as you can see here: For VGRO’s asset allocation, 56.6% is split between US and Canada equities, with international equities and emerging markets taking up around 23.2%. Should you invest in the VGRO stock ETF? To purchase VGRO on the platform, sign-in to your account and search for “VGRO.”. In addition to other fee-saving investment products they have pioneered over the years, Vanguard now has a line of all-in-one ETF portfolios including: One-stop portfolios such as the ones listed above offer convenience to beginner and experienced investors alike, and they work well in registered investment accounts. I have updated the typo – Thanks. Vanguard’s VGRO is a great option for investors who want worldwide diversification, and to have passive index investing without need to monitor the account at all. Low-cost management fee compared to mutual funds and robo-advisors. Posted by Enoch Omololu | Published Jun 29, 2020. Robo-advisors such as Wealthsimple have a 0.40% to 0.50% management fee. All financial products, shopping products and services are presented without warranty. © 2020 Enoch Media Inc. All Rights Reserved. VBAL is part of Vanguard Canada’s very popular asset-allocation portfolio series. Disclaimer: Wealth Awesome strives to keep its information accurate and up to date. Hands-free portfolio management with no need for manual rebalancing. Your email address will not be published. MultiAsset ETFs are what they sound like, a single ETF that hold multiple assets in it – i.e., both stocks and bonds to provide a one-stop shop for retail investors to follow a buy-and-forget couch potato style investing approach. VGRO has an 80/20 split, making it 80% equities and 20% fixed income, which is why it is classified as a growth type of investment. In this example, I set my limit price at $25.63, just two cents below the lowest price recorded so far that day. VGRO | A complete Vanguard Growth ETF Portfolio exchange traded fund overview by MarketWatch. Because you are basically getting exposure to the entire world of stocks, the entire holdings consist of thousands of stocks. He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and has a passion for helping others win with their finances. Find the latest VANGUARD GROWTH ETF PORTFOLIO (VGRO.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. Wealthsimple Trade is Canada’s only commission-free brokerage platform for when you are buying and/or selling ETFs and stocks. Here are some of the key facts about this fund as of June 24, 2020: As of May 31, 2020, the asset allocation was 80.51% stocks, 19.26% bonds, and 0.23% cash and cash equivalents. I have been using the discount broker Questrade for all my stock and ETF trading for the past eight years. Vanguard FTSE Canada All Cap Index ETF (VCN), Vanguard FTSE Developed All Cap ex North America Index ETF (VIU), Vanguard Canadian Aggregate Bond Index ETF (VAB), Vanguard FTSE Emerging Markets All Cap Index ETF (VEE), Vanguard Global ex-US Aggregate Bond Index ETF CAD-hedged (VBG), Vanguard US Aggregate Bond Index ETF CAD-hedged, iShares Core S&P Total U.S. Stock Market ETF (ITOT), iShares S&P/TSX Capped Composite Index ETF (XIC), iShares Core Canadian Universe Bond Index ETF (XBB), iShares Core MSCI Emerging Markets ETF (IEMG), iShares Core Canadian Short Term Corporate ETF (XSH), iShares Broad USD Investment Grade Corporate Bond ETF (USIG), This post may contain affiliate links. Compared to the 2% or higher MER cost of comparable equity mutual funds, you are saving a lot in fees. Add in the ETF MERs, and you pay a total of 0.60% to 0.70% in fees per year. The platform is easy to use, and the support has been outstanding so far. ETF Name Ticker Management Fee MER # of Holdings Description; Vanguard Growth ETF Portfolio: VGRO: 0.22: 0.25: 7: Holds 7 Vanguard ETFs, 80% equities versus 20% bonds One note: the inception date of VGRO is January 25, 2018, not Jan 24, 2020. Depending on your portfolio mix, this option will cost you roughly 0.45% per year. Examples are Tangerine funds and TD e-Series. I personally feel there is too much Canadian exposure in VGRO. The fee comparisons above do not account for trading fees. Vanguard Growth ETF Portfolio VGRO Morningstar Analyst Rating Quantitative rating as of Oct 31, 2020. You will always be diversified if you purchase VGRO, and can rest assured that it will be large companies that will be around for a while. @Jeremy: Good catch. In a taxable account, to use VGRO as the example, if the potential tax drag is O.1% and the MER is 0.25% and FWT of 0.17% does it appear that the all in cost approximates 0.52% for this ETF. How has VGRO performed since its inception? We go over the main features of Vanguard's VGRO ETF, … Building your investment portfolio using individual ETFs is not a very difficult task, however, you will need to manually rebalance your ETF portfolio every now and then. Enter your email to receive a download link for your FREE Personal Finance Guide in Canada. Purchasing individual ETFs may be cheaper. His writing has been featured or quoted in The Globe and Mail, Toronto Star, MSN Money, Financial Post, Winnipeg Free Press, Wealthsimple and many other personal finance publications. VGRO consists of several different Vanguard ETFs. If you don’t have one, you can register here and get $50 in free trades. How To Purchase VGRO ETF on Wealthsimple Trade, Basic Investment Terms Every Investor Should Know (1), Moka (Mylo) Review: How To Simplify and Automate Your Savings and Investing, What is an RESP? Any input would be greatly appreciated. My husband and I both have defined benefit pensions which we are currently receiving and we are trying to decide whether to go with VBAL or VGRO for our TFSAs and RRSPs or perhaps both ETFs, one for each. Trading fees for ETFs range from $0 to $9.99 per trade, depending on your broker. Questrade is Canada’s premier discount online brokerage service. VGRO has a management fee of 0.22% and an MER of 0.25%. You will also receive our FREE e-Book! DIY investors who have little or no time for rebalancing will find VGRO to be very convenient to purchase and manage. DIY investors who purchase ETFs directly using an online brokerage account can potentially save thousands of dollars in fees over time compared to buying traditional mutual funds. If the idea of portfolio rebalancing causes you to break out in a cold sweat, asset allocation ETFs such as Vanguard’s Growth ETF (VGRO) are way more convenient. For index funds, I like the TD e-Series funds. Its low-risk nature ensures that investors have very little to fear when they invest in this ETF. VGRO is also globally diversified with its top-10 market allocation for equities on May 31, 2020, as follows: And the top-10 market allocation for VGRO fixed income assets are: Related: All-in-One ETF Portfolio Options. The firm has more than $6 trillion in assets under management and is a global leader in the ETF industry. View Top Holdings and Key Holding Information for VANGUARD GROWTH ETF PORTFOLIO (VGRO.TO). Let’s go over the reasons why: Summary: Vanguard VGRO is a growth ETF portfolio that automatically rebalances at a low annual MER. If you've been following my financial freedom updates, you'll see that I'm a fan of global index ETFs (ex-Canada). Tax-efficient in registered accounts e.g. Your email address will not be published. This VGRO review covers its composition, returns, fees, top holdings, pros and cons, how to purchase Vanguard ETFs in Canada, and how it compares to XGRO. I personally went with XGRO due to the lower MER and stronger US asset allocation ratios. Learn everything you need to know about iShares Core Dividend Growth ETF (DGRO) and how it ranks compared to other funds. iShares Core Growth ETF Portfolio, or XGRO, is a similar product that is offered by Blackrock. One of the best features of these portfolios is that you don’t need to rebalance it, as you would have to if you were to make the portfolio yourself. Currently, there are five different types of Vanguard portfolios, ranging in allocations from conservative to all equity. Because of this feature, you will save on trading fees, plus you never have to worry about monitoring your asset mix. What types of investments are inside of VGRO? However, there shouldn’t be too many surprises with performance, since the ETFs will perform its duties of mirroring the markets. VGRO is an Exchange Traded Fund (ETF) that trades in a similar way as a stock on an exchange with prices moving up and down throughout the day. Lower fees than robo-advisors and much lower than mutual funds, Country mix is too heavily Canadian weighted, Fees are slightly higher than some competitors, Personal Finance Resources Guide that will help you master your finances in Canada. XGRO has slightly lower MER than Vanguards VGRO at 0.20% vs 0.25%, and a slightly different asset mix also, seen here: The U.S and international weighting are slightly more, and Canadian and emerging markets are slightly less. The main reason is because I prefer to be in 100 equities at this time (I’m 39), but I’m not opposed to switching to VGRO some time down the road. See https://www.vanguardcanada.ca/individual/mvc/loadImage?country=can&docId=12396. So far, in 2020, it has a year-to-date return of -3.47% and 7.30% since inception. Get more details about the platform in this Questrade review. $25.63 if you are using a “limit buy”, Enter the number of VGRO shares you want to buy e.g. Learn about VGRO (XTSE) with our data and independent analysis including price, star rating, asset allocation, capital gains, and dividends. If you make regular purchases of VGRO, your trading fees can add up. Canadian government bonds. 100 units. Here is the performance so far, no surprises are so far given the underlying ETFs, with a YTD return up to September 30th of 12.86%. Vanguard is really a household name when it comes to investment management. I’m a huge fan of Vanguard. All-in-one ETF portfolios such as Vanguard Balanced ETF Portfolio (VBAL) have made self-directed investing easier than ever. The underlying funds making up the portfolio as of this date are: An 80:20 equity to fixed income ratio signifies an above average level of risk tolerance. Even though this MER is higher than if you were to buy individual ETFs, I like it for several reasons: There isn’t much data on VGRO since it just started in 2018. Learn about VGRO holdings, returns, pros and cons, how to purchase VGRO on Questrade and Wealthsimple Trade, and how it compares to XGRO. The Vanguard all-in-one ETFs make for a simple portfolio. Detailed price information for Vanguard Growth ETF Portfolio (VGRO-T) from The Globe and Mail including charting and trades. This article does a good comparison specifically between XGRO and VGRO for those interested. Required fields are marked *. There is already $919 million in assets in the fund, which signifies investors growing appetite for an easy passive investing solution with low fees. I show an example using VGRO below. Index funds on the other hand are similar to mutual funds and they trade once at market close. VGRO is Vanguard’s growth portfolio designed to provide long-term capital by investing in equity and fixed income securities. I’m an even bigger fan of the relatively new Vanguard ETF Portfolio series. As Questrade offers commission-free purchases of VGRO, your trading fees,.! It comes to investment management 0.25 % please review the financial institution ’ s premier discount online such. 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