Q: In your response to Francesco on March 13, 2024, you indicated that HEQT is 34% US but I think that is only the large cap portion. Also, previously you noted HEQT had 65% US exposure. A plot of historical trends of XWD and HEQT show almost identical plots. Did I miss something? What are the MERs?

Q: Good morning,

In one response to a question on the choice of a International exposure ETF, the 5i preference was VEQT, XEQT and XWD in that order.

Q1. Has you opinion of the order of these Global ETFs changed in any way and given XWD's 5 and 10 year performance?

Q2. Would you kindly explain your rational for ranking XWD ahead of VEQT and XEQT and even HEQT.

Thank you in advance and I look forward to hearing your response.

Q: Good morning,


I am not crystal clear on the most tax efficient account to hold each of the above listed ETFs and before moving any of them to another type of account, I would very much appreciate your guidance on the most tax efficient type of account to hold each of the above listed ETFs.

The above listed ETFs are all held in our family Registered (RRSP/TFSA/RESP) and Non-Registered accounts.

Thank you and I'll await your sage advice.