Vanguard's Canadian ETFs Begin Trading Today

Vanguard's first 6 Canadian ETFs begin trading today (see the list below).  Note that the MERs consist of slightly more than the management fees listed.  The most interesting of these to me is VCE as a potential replacement for XIU for Canadian stocks.  However, I plan to wait and see that all goes smoothly in the first few months of trading.  I have little interest in the bleeding edge when it comes to new securities.

VCE (Mgmt fee 0.09%) Vanguard MSCI Canada Index ETF

VUS (Mgmt fee 0.15%) Vanguard MSCI U.S. Broad Market Index ETF (CAD-hedged)

VEF (Mgmt fee 0.37%) Vanguard MSCI EAFE Index ETF (CAD-hedged)

VEE (Mgmt fee 0.49%) Vanguard MSCI Emerging Markets Index ETF

VAB (Mgmt fee 0.20%) Vanguard Canadian Aggregate Bond Index ETF

VSB (Mgmt fee 0.15%) Vanguard Canadian Short-Term Bond Index ETF

Comments

  1. AnonymousDecember 7, 2011 at 5:13 PM

    "the bleeding edge"... hmmm, what might be the potential pitfalls of buying into newly issued ETFs? If anyone can comment, thanks!

    (FYI, I'm a novice investor--mutual funds only so far--but have been reading a lot--thanks for your blog!!!--and am planning on moving my $200k portfolio to ETFs by the end of the year, and was thinking a couple of the Vanguard ones look pretty good)

    ReplyDelete
  2. Michael JamesDecember 7, 2011 at 5:18 PM

    @Anonymous: I agree that the Vanguard ETFs look pretty good. I don't have any particular expectation for problems, but I'm happy to let others test the waters anyway.

    ReplyDelete
  3. AnonymousDecember 14, 2011 at 9:32 AM

    I am interested in the Vanguard Canadian bond funds but I can't find anything about them. Not even on the Vanguard web page. Neither of my online brokers, one of which is the Canadian bank Toronto Dominion (thru TD Ameritrade) even recognizes the symboles VSB or VAB. Why is this? I think these are traded on the Toronto exchange but why is there no information?

    ReplyDelete
  4. Michael JamesDecember 14, 2011 at 9:46 AM

    @Anonymous: I was able to get quotes for VSB and VAB on the TMX web site: http://www.tmx.com/

    I found information about the Vanguard Canada funds at https://www.vanguardcanada.ca/portal/ca/en/etfs/etfs.jsp

    ReplyDelete

Post a Comment

Popular posts from this blog

Short Takes: InvestorLine’s HISAs, 24-Hour Trading, and more

I recently moved some cash into BMO InvestorLine’s high-interest savings accounts (HISAs) that are structured as mutual funds.  Their designations are BMT104, BMT109, and BMT114, and they purportedly pay 4.35% annual interest (which they can change whenever they like).  However, the way they report the monthly interest payments is so baffling that I wasn’t able to sort it out in my first 15 minutes of trying.  A further complication is the following text in the HISA description: “The Bank may pay, monthly or quarterly, compensation to your Dealer at an annual rate of up to 0.25% of the daily closing balance in the BMO HISA.”  I couldn’t find any evidence of such a charge, but I haven’t been invested for a full quarter, and I can’t yet say that such a charge isn’t buried somehow in the confusing reporting.  I have more digging to do before I can recommend these HISAs. Here are some short takes and some weekend reading: Preet Banerjee explains the dangers of Robi...
Read more

My Asset Allocation

I’ve resisted discussing my asset allocation for some time, but now is finally the time to describe it and the reasons behind it. I’m not holding it out as a model portfolio; I believe it’s suitable for me and not necessarily anyone else. With that warning, enjoy the discussion and feel free to ask questions or take some pot-shots. The main reason why I haven’t discussed my asset allocation in detail before now is that I don’t want readers to treat it like a model portfolio and follow it blindly. Everyone’s situation is different. The need for variation in asset allocation from one investor to the next usually isn’t huge, but there is no one-size-fits-all portfolio. A secondary reason for keeping my asset allocation to myself is that I can’t be sure I’ll never change it. For example, I recently made the minor change of switching from an ETF of small-cap stocks to an ETF of small-cap value stocks . I don’t have any plans to change my current allocation, but I may think differe...
Read more

What to Do About Crazy Stock Valuations

Image
The last time I had to put a lot of effort into thinking about my finances was back when I retired in mid-2017.  I had ideas of how to manage my money after retirement, but it wasn’t until a couple of years had gone by that I felt confident that my long-term plans would work for me.  I had my portfolio on autopilot, and my investing spreadsheet would email me if I needed to take some action. I was fortunate that I happened to retire into a huge bull market.  I got the upside of sequence-of-returns risk.  The downside risk is that stocks will plummet during your early retirement years, and your regular spending will dig deep into your portfolio.  Happily for me, I got the opposite result.  My family’s spending barely made a dent in the relentless rise of the stock market. However, stock prices have become crazy, particularly in the U.S.  One measure of stock priciness is Robert Shiller’s Cyclically Adjusted Price-Earnings (CAPE) ratio .  In the U.S...
Read more

Archive

Show more