Q: As TD has just added some commission free ETFs, I'm thinking of using TPU to add to my US holdings. I've previously used ZSP. Despite ZSP's being the 500 with TPU's being the index, they seem to have performed pretty much in tandem. Am I missing something in thinking it's fine to hold both as long as my total US holdings are in line with my desired percentage? I have no individual US stocks.
5i Research Answer:
There will be some overlap here, but we would have no objection to owning both, as long as the US allocation is where an investor wants it to be. TPU is more diversified by design, but we would expect some correlation here overall regardless.