Q: Do not chuckle at my ignorance here please, but my question here is on ETF and Mutual Fund fees bought in self directed brokerage portfolios. If a posted managed fee (ie 1.5%) where does that withdraw fee show up and is it taken our annually or monthly? I never see a charge on my monthly statements for the etf management fees. How are they calculated, on the purchase price or a share value on a set date? Thanks
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi team
I have some money invested in this fund, Fidelity Magellan
it used to be managed by Peter Lynch
the US market has done well
Buy, hold or sell ? thanks
Michael
if you do not cover this fund, not sure if I should use the credit for the questions ?
I have some money invested in this fund, Fidelity Magellan
it used to be managed by Peter Lynch
the US market has done well
Buy, hold or sell ? thanks
Michael
if you do not cover this fund, not sure if I should use the credit for the questions ?
Q: What is your opinion on Fidelity Can.Large Cap B (Fid.231)?
It still has 4 Stars, but had zero return in 2017.
What do you see in the future for this fund?
Thank you.
It still has 4 Stars, but had zero return in 2017.
What do you see in the future for this fund?
Thank you.
Q: Could I get your thoughts in the index funds series A available through RBC?
Q: I presently have $150,000 in MMF19. It has a MER of 1.5% and has yielded about 3.5 % annually over the past two years. PMIF has a MER of 0.75 and the indicated yield is 4.6% while PM0205 has a MER of 0.75 and a yield of 3.94 %. Would you sell MMF19 and buy one of the PMICO funds as a replacement? Would you have an even better suggestion?
I'm 85 years old with no need for income but I want to reduce risk by holding some bonds.
I'm 85 years old with no need for income but I want to reduce risk by holding some bonds.
Q: Hello 5i,
My wife has a very small LIF (around 1% of our PF value) which was put into RBF461 A. Initially it generated enough income to almost cover the withdrawals, only a minimal amount was needed to be sold. The last year, however, has seen the fund return very little and more has needed to be sold to cover the annual withdrawal.
I was contemplating switching the LIF to XTR which would seemingly generate far more income and require a smaller amount to be sold. My questions are:
1. Would you endorse moving out of the RBC mutual fund and into an ETF?
2. If so, would XTR be a suitable candidate or would you recommend something else?
We currently have (5) pensions and an equity portfolio which also has some fixed income in it (@15%).
Thanks for any direction you might be able to provide.
Cheers,
Mike
My wife has a very small LIF (around 1% of our PF value) which was put into RBF461 A. Initially it generated enough income to almost cover the withdrawals, only a minimal amount was needed to be sold. The last year, however, has seen the fund return very little and more has needed to be sold to cover the annual withdrawal.
I was contemplating switching the LIF to XTR which would seemingly generate far more income and require a smaller amount to be sold. My questions are:
1. Would you endorse moving out of the RBC mutual fund and into an ETF?
2. If so, would XTR be a suitable candidate or would you recommend something else?
We currently have (5) pensions and an equity portfolio which also has some fixed income in it (@15%).
Thanks for any direction you might be able to provide.
Cheers,
Mike
Q: Hi. Peter and 5I.
I have also, as Carl, noticed the significant increase of questions on ETF's. This is one of the numerous red flags that are started to pop up all over the market universe in my opinion.
I have taken action against what I consider a risk reward more and more tilted to the downside and am way more concern today about terminal losses (unrecoverable losses) than I am about simple losses on further potential gains(opportunities costs)
I consider ETF's to be purchased only where I cannot buy company stock in certain asset classes or I need to buy in a foreign market that reflects a potential opportunity.
I have a general question about ETF and how they work. If ''everybody'' is buying ETF's now, does that means that the underlying stocks will also grow no matter their intrinsic value. In other words, would it be possible that the ETF's buyer may have now a predominant impact on the market than ''all'' the direct buyers of the underlying stocks. Tail wagging the dog kind of...
A comment on the extract from A wealth of common sense that you mentioned.
If the 16000 mutual fund are buying ETF does that not add to the overextended existing situation?
Passive investing is not just the domain of retail investors.
Thank you
CDJ
I have also, as Carl, noticed the significant increase of questions on ETF's. This is one of the numerous red flags that are started to pop up all over the market universe in my opinion.
I have taken action against what I consider a risk reward more and more tilted to the downside and am way more concern today about terminal losses (unrecoverable losses) than I am about simple losses on further potential gains(opportunities costs)
I consider ETF's to be purchased only where I cannot buy company stock in certain asset classes or I need to buy in a foreign market that reflects a potential opportunity.
I have a general question about ETF and how they work. If ''everybody'' is buying ETF's now, does that means that the underlying stocks will also grow no matter their intrinsic value. In other words, would it be possible that the ETF's buyer may have now a predominant impact on the market than ''all'' the direct buyers of the underlying stocks. Tail wagging the dog kind of...
A comment on the extract from A wealth of common sense that you mentioned.
If the 16000 mutual fund are buying ETF does that not add to the overextended existing situation?
Passive investing is not just the domain of retail investors.
Thank you
CDJ
Q: Do you have any thoughts on the new ETF "Redwood Behavioural Opportunities Fund"?
Q: I am a retired, conservative, dividend-income investor with a pension, CPP, 30% fixed income (annuities, Fisgard Captial) and 70% equities (14% MFs, 16% ETFs and 40% mostly blue chip stocks). The question relates to the performance of 2 of my remaining MFs, those being Sentry Cdn Income and Sentry Global REIT. I receive a 6% dividend on my ACB for both of these, which I am very pleased with.
SC Income = held it since 2011 and have a total annual return of 9.7%, which I am happy about. However it is not performing well the last few years. Is it simply the portfolio was positioned poorly (in hindsight) at the wrong time? What is your impression of management?
Sentry Global REIT = held it since 2012, did well initially but recently only returning 2%/yr. I sold some last year and now have a half position. Again, your comments on sector performance and quality of management are appreciated.
Thanks...Steve
SC Income = held it since 2011 and have a total annual return of 9.7%, which I am happy about. However it is not performing well the last few years. Is it simply the portfolio was positioned poorly (in hindsight) at the wrong time? What is your impression of management?
Sentry Global REIT = held it since 2012, did well initially but recently only returning 2%/yr. I sold some last year and now have a half position. Again, your comments on sector performance and quality of management are appreciated.
Thanks...Steve
Q: Which mutual funds would you recommend today for non US / non Canada exposure. Large cap or smaller cap focus? Any specific geographic areas ? Thank you
Q: Good Morning, I am looking at Mawer 102 International Equity and Mawer 120 Global
Equity. How do you compare the two Mutual Funds? Which one of the two would
you buy today and why for a long term investment?
Equity. How do you compare the two Mutual Funds? Which one of the two would
you buy today and why for a long term investment?
Q: For diversification I would like to buy a global fund. I have quite a few GICs. but they are still trying to sell me Edgepoint Global Growth and Income. I wondered if Edgepoint Global Growth would be better. since the GIC make up my income portion of my portfolio. I think the MER is the same for both funds, so I am paying a higher fee for the bond portion.
I appreciate your opinion.
Shirley
I appreciate your opinion.
Shirley
Q: Can you recommend an ETF equivalent/similar to the TD Science & Technology Mutual Fund? Thank you.
Q: Hi Peter & Team,
could I get your opinion on the RBC Global Equity Focus Fund (Series D) RBF1067. The MER for the D fund is 1.26%. We own the Mawer Global Fund MAW150 in our RRSP. I have some cash to put into a non-registered account was thinking to diversify and put some into this fund.
Thank you for your valued opinion.
Ron
could I get your opinion on the RBC Global Equity Focus Fund (Series D) RBF1067. The MER for the D fund is 1.26%. We own the Mawer Global Fund MAW150 in our RRSP. I have some cash to put into a non-registered account was thinking to diversify and put some into this fund.
Thank you for your valued opinion.
Ron
Q: I was looking at an ETF - it's cost info is below.
Does this mean I pay a total of .80%, or do I pay .65% plus .80% (total of 1.45%).
Thanks.
MANAGEMENT EXPENSE RATIO (MER)
0.80%
MANAGEMENT FEE
0.65
Does this mean I pay a total of .80%, or do I pay .65% plus .80% (total of 1.45%).
Thanks.
MANAGEMENT EXPENSE RATIO (MER)
0.80%
MANAGEMENT FEE
0.65
-
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD)
-
iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO)
-
iShares Core Canadian Universe Bond Index ETF (XBB)
-
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
Q: Hi & thank you for continued sound advise.
I'm a Balance/Growth Investor with ~ 30% Fixed Income.
- Current Fixed Income: XBB (30%), CBO (40%), CPD (15%), XHY (15%).
- Planned Fixed Income: MMF659 (70%), CPD (15%), XHY (15%).
Reasons for change:
- Tired of poor returns of CBO, XBB.
- Want more diversifies (USA, INT) fixed income securities.
- The ~ 1% MMF659 MER seems worth it based on 6.23% compound return since inception [2005-11-25].
Haven't held a Mutual Fund in 8 years, but... Yours thoughts would be welcomed here. Thank you!
Paul
I'm a Balance/Growth Investor with ~ 30% Fixed Income.
- Current Fixed Income: XBB (30%), CBO (40%), CPD (15%), XHY (15%).
- Planned Fixed Income: MMF659 (70%), CPD (15%), XHY (15%).
Reasons for change:
- Tired of poor returns of CBO, XBB.
- Want more diversifies (USA, INT) fixed income securities.
- The ~ 1% MMF659 MER seems worth it based on 6.23% compound return since inception [2005-11-25].
Haven't held a Mutual Fund in 8 years, but... Yours thoughts would be welcomed here. Thank you!
Paul
Q: Is it worth getting rid of all these mutual funds? . Are they as bad as they look? Account is for a early 60s couple nearing retirement
Do you have any mutual funds or etf recommendations for replacing these? Maybe just keep Mawer balanced fund
Thanks
MAW 104 .
.Mawer Balanced Fund Class A
.
Fidelity Monthly Income
Class Series B .
FID 416
Fidelity Canadian Large cap Fund
FID 231
Fidelity Monthly Income.
FID 269
Invesco Select Canadian Equity Fund.
.AIM #1581.
CIBC Balanced Fund . Cib 901
Ci Signature High Income Fund.
Cig 14014
Sentry Conservative Balanced Income
Nce 534
Templeton International Stock Fund.
TML 705.
RBC Select Balanced Portfolio Series
RBF 460
Do you have any mutual funds or etf recommendations for replacing these? Maybe just keep Mawer balanced fund
Thanks
MAW 104 .
.Mawer Balanced Fund Class A
.
Fidelity Monthly Income
Class Series B .
FID 416
Fidelity Canadian Large cap Fund
FID 231
Fidelity Monthly Income.
FID 269
Invesco Select Canadian Equity Fund.
.AIM #1581.
CIBC Balanced Fund . Cib 901
Ci Signature High Income Fund.
Cig 14014
Sentry Conservative Balanced Income
Nce 534
Templeton International Stock Fund.
TML 705.
RBC Select Balanced Portfolio Series
RBF 460
Q: Hi Peter and Ryan,
I am wanting to invest in emerging markets and I am been comparing the mawer fund for emerging markets with a mer of 1.60 to VEE the etf, with a mer of .23.
Is the high mer worth it for the active management?
Other aspects of these options that I have been comparing is the holdings, Maw160 has 36 holdings and VEE has 4726 ,tracting the index.
Do you have any other suggestions for emerging markets?
Thank you for this valuable service,
Susan
I am wanting to invest in emerging markets and I am been comparing the mawer fund for emerging markets with a mer of 1.60 to VEE the etf, with a mer of .23.
Is the high mer worth it for the active management?
Other aspects of these options that I have been comparing is the holdings, Maw160 has 36 holdings and VEE has 4726 ,tracting the index.
Do you have any other suggestions for emerging markets?
Thank you for this valuable service,
Susan
Q: At present my TFSA is composed of MAW120/MAW150 at a 60/40 split.
I can keep this and add 1 stock this year. If that is the case which growth stock would you recommend?
Or should I sell and buy a 5 growth stock portfolio? What 5 stocks would you recommend?
The reason for the MAW funds in the first place was to increase my international exposure since I was mostly in canadian funds overall. I have now rebalanced my portfolios and have my international exposure needs met elsewhere.
As always your help is greatly appreciated.
I can keep this and add 1 stock this year. If that is the case which growth stock would you recommend?
Or should I sell and buy a 5 growth stock portfolio? What 5 stocks would you recommend?
The reason for the MAW funds in the first place was to increase my international exposure since I was mostly in canadian funds overall. I have now rebalanced my portfolios and have my international exposure needs met elsewhere.
As always your help is greatly appreciated.
Q: What is your opinion of the mutual fund Dynamic Power Global Growth fund (DYN014) . I see it is 45% invested in China. With emerging markets doing so well I hesitate from a timing basis to invest now. Are you familiar with the managers?
Thank You
Paul
Thank You
Paul