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Stockchase Opinions

John DeGoeyVanguard FTSE All-World ex CanadaVXC.TOBUYNov 11, 2019

Investors have too many Canadian stocks and VXC offers non-Canadian, which is good for getting global exposure. You should hold only 3% of your portfolio in Canada. VXC is a fine ETF.
$39.35

Stock price when the opinion was issued

$85.04

As of Jun 19, 2026. Market Open.

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BUY

For an RESP, you would want to be more aggressive. He recommends VXC, which is a multi-asset ETFs. They are 60-40 allocations. He likes XGRO as well. He uses these funds for his clients for their children. VXC is more aggressive and it also gets rebalanced quarterly.

WEAK BUY

XAW-T vs. VXC-T. Both are good ETFs. XAW-T is cheaper. They are great one-ticket solutions. He has an extremely high bias in Canada.

BUY

Inexpensive, liquid. Encourage people to look outside Canada for growth.

BUY

I'm young and willing to buy an ETF that carries risk. Which one? VXC-T, a one-stop, affordable ETF ex-Canada. Or there's ex-EM, XWD-T. Also, pick something in a sector you're comfortable with and know something about. Don't go in blind.

COMMENT

This would effectively be Canada, US, Asia and the Far East. In this you are probably going to have 300 shares in the underlying ownership, and you will have the top performing companies in those markets. He is concerned that it is very weighted towards technology and you are not getting any exposure to the parts of the market that have not performed. You are not going to have any exposure to commodities and very little exposure to energy, which are the segments that have done very poorly in the last couple of years.

PAST TOP PICK

(A Top Pick Aug 17/15. Down 4.57%.) This has hurt Canadians in the last year, because Canada has had a pretty good year.

BUY

TFSA vs RRSP, and examples of ETF’s that would be more suitable? For the large majority of people, the TFSA money is the money that you can be a little more aggressive with because there is more flexibility because the growth you have will be pulled out tax-free. If you want things that are going to grow, and hopefully will be a little more aggressive as a result of seeking that growth, he would use things like iShares MSCI World Index Fund (XWD-T) or Vanguard FTSE All-World ex Canada (VXC-T), both global broadly diversified equity positions that are trying to get you exposure around the world.

BUY

Global Dividend ETF, X-Canada. He does not use ETFs because he can diversify naturally. He would recommend for younger investors this one. It is diversified, 55% US, global and very little Canada. It has a low MER. Always be conservative at first. But some blue chip Canadian to go along with it.

PAST TOP PICK

(A Top Pick Jan 21/15. Up 4.26%.) If you missed the diversification last year by not getting out of Canada, this is a good time to start. If you have a 100% Canadian portfolio, and would like 20% to be in something else, this is a great way to get your toe into the water.

BUY

Best ETF in a child’s RESP? Assuming the child is fairly young and has a long ways to go, he would recommend an equity ETF, and his favourite is Vanguard FTSE All World EX-Canada (VXC-T). Recommends this because he is kind of bearish on Canada because of its oil exposure. This gives you stocks from around the world.

DON'T BUY

This is a FTSE ex-Canada product. He doesn’t like this kind of thing. It’s sort of an omnibus “Let’s throw the money in this and see what happens.” ETF. Basically a dog’s breakfast of currencies, countries and REITs. You have to be a lot more strategic when investing as to which market you want to be in and which ones you want to avoid.

PAST TOP PICK

(A Top Pick Nov 5/14. Up 13.1%.) There is a need to minimize home bias, and this is a product that gets you stocks globally, and conspicuously and deliberately avoids the 4% of the world that is Canada. Something he would recommend for people who have a TFSA or an RESP for a young child. If you have only enough money to put into one thing, this is an example of the one thing you would buy.

TOP PICK

(A Top Pick Sept 2/14. Up 20.03%.) A way to reduce exposure to Canada. You are getting your stocks, but you are getting out of those rocks and trees which is such a big part of the Canadian economy.

COMMENT

He would urge anybody to try to get more money out of Canada. Thinks people are woefully over invested in our domestic economy. This has a great MER of about 25 basis points, but keep in mind that this has close to 3000 names in it. It is the most passive you could possibly buy. It’s up 10% year-to-date, outperforming both US and Canadian markets. You have to be fully committed to investing in something like this, because there is no protection on the downside. If you are going to buy this, you should have a time horizon of 5 years or more.