Vanguard Investments Canada has announced the listing of three new asset allocation ETF portfolios, which began trading on the TSX Feb. 1.
"Investors and advisors are increasingly looking for simple yet sophisticated single-ticket investment solutions that provide well-diversified global equity and bond exposure within a low-cost ETF structure," said Atul Tiwari, managing director for Vanguard Investments Canada. "These ETFs address that need by providing a choice of three different risk profiles, regular rebalancing and they will be among the lowest cost solutions in their categories."
The new portfolios are the Vanguard Conservative ETF Portfolio (VCNS), the Vanguard Balanced ETF Portfolio (VBAL) and the Vanguard Growth ETF Portfolio (VGRO). The management fee is 0.22 per cent for each of the portfolios.
Simplified and scalable solution for advisors
"These new ETFs appeal to a variety of investors, offering a simplified and scalable solution for financial advisors, and a one-stop globally-diversified and transparent option for investors," said Tim Huver, head of product, Vanguard Investments Canada. "Another advantage to investors using these ETFs is that they can rely on Vanguard's global investment experts to continuously assess their portfolio's exposure and rebalance it back to its intended risk level."