BMO S&P/TSX Capped Composite Index ETF (ZCN)

BMO S&P/TSX Capped Composite Index ETF (ZCN $36.19)
- $36.19 P/E (TTM): 16.5X Cap: $10.96B
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BMO S&P 500 Index ETF (ZSP $94.16)
- $94.16 P/E (TTM): 57.09X Cap: $18.77B
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BMO S&P/TSX Capped Composite Index ETF (ZCN $36.19)
- $36.19 P/E (TTM): 16.5X Cap: $10.96B
- View ZCN Profile
- View Questions on ZCN
Vanguard U.S. Dividend Appreciation Index ETF (VGG $95.79)
- $95.79 Cap: $2.05B
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BMO S&P/TSX 60 Index ETF (ZIU $62.53)
- $62.53 P/E (TTM): 14.29X Cap: $97M
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Q: Hi,

I set up an unregistered account for my wife several years ago with the following ETFS, with the thought that it would be relatively easy to maintain:

VGG
ZSP
ZCN
ZIU

In looking at it today, I'm wondering whether I have too much overlap. I can't remember what my logic was for these four ETFs! I should have written it down as my memory doesn't work so well anymore.

Does the above work ok? Or would you slim it back? And add VIU?

Thanks,
Robert

Read Answer Asked by Robert on July 24, 2025

BMO S&P/TSX Capped Composite Index ETF (ZCN $36.19)
- $36.19 P/E (TTM): 16.5X Cap: $10.96B
- View ZCN Profile
- View Questions on ZCN
iShares S&P/TSX 60 Index ETF (XIU $40.69)
- $40.69 P/E (TTM): 13.84X Cap: $17.11B
- View XIU Profile
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Q: I am holding a substantial amount of US funds. With people getting out of US stock market and the downward trend of the American dollar, I would like to know your recommendations. Should I buy Canadian stocks, Canadian Cash ETFs or leave the funds in the US until the tariffs are settled?

Read Answer Asked by Margie on April 14, 2025

BMO MSCI USA High Quality Index ETF (ZUQ $88.56)
- $88.56 P/E (TTM): 56.3X Cap: $1.13B
- View ZUQ Profile
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BMO S&P 500 Index ETF (ZSP $94.16)
- $94.16 P/E (TTM): 57.09X Cap: $18.77B
- View ZSP Profile
- View Questions on ZSP
BMO S&P/TSX Capped Composite Index ETF (ZCN $36.19)
- $36.19 P/E (TTM): 16.5X Cap: $10.96B
- View ZCN Profile
- View Questions on ZCN
iShares Canadian Growth Index ETF (XCG $60.32)
- $60.32 P/E (TTM): 9.55X Cap: $132M
- View XCG Profile
- View Questions on XCG
Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $52.53)
- $52.53 P/E (TTM): 9.23X Cap: $4.05B
- View VDY Profile
- View Questions on VDY
Vanguard U.S. Dividend Appreciation Index ETF (VGG $95.79)
- $95.79 Cap: $2.05B
- View VGG Profile
- View Questions on VGG
Vanguard Balanced ETF Portfolio (VBAL $34.49)
- $34.49 P/E (TTM): 20.32X Cap: $3.68B
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Vanguard Growth ETF Portfolio (VGRO $39.24)
- $39.24 P/E (TTM): 25.6X Cap: $7.21B
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- View Questions on VGRO
Vanguard All-Equity ETF Portfolio (VEQT $48.39)
- $48.39 P/E (TTM): 12.76X Cap: $7.79B
- View VEQT Profile
- View Questions on VEQT
iShares Core Balanced ETF Portfolio (XBAL $31.23)
- $31.23 P/E (TTM): 4.25X Cap: $2.09B
- View XBAL Profile
- View Questions on XBAL
iShares Core Growth ETF Portfolio (XGRO $32.06)
- $32.06 P/E (TTM): 4.04X Cap: $3.42B
- View XGRO Profile
- View Questions on XGRO
iShares Core Equity ETF Portfolio (XEQT $35.78)
- $35.78 P/E (TTM): 20.82X Cap: $8.56B
- View XEQT Profile
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Q: Following up on Harrison's RESP question from February 10th, I'm seeking advice on ETF recommendations for my grandson's RESP. He turns two in March 2025, giving him approximately 16 years until he'll need the funds.
I appreciate your ETF recommendations, particularly the split between Canadian and US markets (VGG, ZSP, ZCN, XCG, VDY). I'm also considering ZUQ (BMO MSCI USA High Quality Index), but I'm wondering if it's too similar to ZSP? Your thoughts?
I do not like CDZs holdings as much.
You also mentioned two balanced ETFs in your response (XBAL and VBAL). The fixed income allocation is approximately 40% for these balanced ETFs. In contrast, XGRO and VGRO have a fixed income allocation of around 20%, and XEQT or VEQT have no fixed income. What I like about these allocation ETFs is they have some international exposure.
Considering the long-term horizon, I'm leaning towards XEQT/VEQT, which have no fixed income. My main question is whether the 20% fixed income component of XGRO/VGRO or even the XBAL/VBAL (40% fixed income) is necessary for a two-year-old’s RESP? Or are XEQT/VEQT too aggressive, considering the other ETFs mentioned?
Finally, wouldn't it be more appropriate to introduce a 100% fixed income ETF closer to the withdrawal age or perhaps three years before we start accessing the funds?
Deduct as many points as you think necessary.
As always thanks for the great advice.
Élaine

Read Answer Asked by Elaine on February 20, 2025