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BMO MSCI All Country World High Quality Index ETF (ZGQ)
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Vanguard FTSE Developed All Cap ex North America Index ETF (VIU)
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iShares Core S&P 500 ETF (IVV)
Q: What do you think of this ETF as a buy and forget type of holding? It would be held in TFSA & RRSP. Track record is fairly impressive. Do you see any drawbacks?
Thanks
Thanks
5i Research Answer:
With five-year return of 15.11% its performance has indeed been very good. We would have no objections, except the following. It is called 'All Country World' but is 67% invested in the US, and owns the typical Mega Cap stocks. We would not consider it a true international fund because of this (this is also why performance has been good, however). Also, the fee (0.50%) is quite high relative to an S&P ETF, such as IVV (fees 0.03%). We could likely duplicate ZGQ with 67% IVV and 33% VIU (fees 0.22%) and get similar performance with fees dramatically lower. But in and of itself we would be comfortable with ZGQ.