Q: I hold HXDM in my unregistered account (MER: 0.22 + max 0.3 swap fee) and am looking for an international ETF for developed countries (ex. Canada & US), that like HXDM does not include small caps, only medium and large cap stocks. I could use HXDM but fees are high and AUM is only 477M, however, there is no withholding tax with HXDM - your comments appreciated.
Thanks!

Q: MoneySense recommended HXT as one of the best Canadian ETFs for years, but not in 2023. Is there any concerns that the government may crack down on Horizon's Total return funds that do not pay out any dividends?
Thanks!

Q: Hi Peter,
I Would like to expand my question posted earlier. Here is the original, and your reply:

Q: Hi Peter,
I am helping my kids who are in the mid-twenties to invest. The funds will be in RRSP & in TFSA for long term. Would you please recommend a list of ETFs and/or Stocks to invest in for growth. I would like to have the portfolio diversified globally and invested into various sectors.
Thank you,

Asked by Roger on November 08, 2023
5I RESEARCH ANSWER:
We can suggest: CSU, BN, WSP, TFII, ATD, SLF for a conservative mix of stocks from differing sectors. XIC could be a general Canadian ETF, and VFV a US market ETF. We prefer international exposure to be done through an ETF. VIU is an easy solution in our view (it is ex North America).

I have a tax efficiency question. If I am holding VIU in either RRSP or TFSA, would the dividends, even distributed through DRIPs, be subject to an international withholding tax of 15%? If that is the case, do you have another suggestion for investing in an international EFT where dividends are minimized, and the value of the EFT is in growth?

Do you have a suggestion for investing in the emerging market? Again, an EFT with the similar focus on tax efficiency.

Thank you again,