Q: Hi,
I'm looking to buy an S&P 500 ETF in Canadian dollars traded on the TSX.
What's your suggested ETF and which account should I hold it in?
I bank at BMOInvestorline if that makes any difference.
Thanks,
Robert
I'm looking to buy an S&P 500 ETF in Canadian dollars traded on the TSX.
What's your suggested ETF and which account should I hold it in?
I bank at BMOInvestorline if that makes any difference.
Thanks,
Robert
5i Research Answer:
VFV holds exposure to S&P500 through VOO, a US-listed ETF. ZSP holds direct exposure. In an RRSP, it is beneficial, in terms of tax withholding, to hold a US-listed US equity ETF, which neither of these are. For that, we would look at SPY. Otherwise, we are indifferent between ZSP and VFV.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.