All three of our 2017 Canadian equity picks have returned:
- VCN, mentioned above;
- XIC: the iShares Core S&P/TSX Capped Composite Index ETF; and
- HXT: Horizons S&P/TSX 60 ETF.
The panel was unanimous in retaining all three of these picks, since the trio maintain the lowest management fees among the segment, and HXT is particularly tax efficient and low cost for non-registered portfolios. But the panel agreed with Forstrong’s recommendation to add a fourth ETF, the BMO S&P TSX Capped Composite IDX ETF (ticker ZCN), which has the same rock-bottom annual fee of 0.05% as VCN and XIC. Investors seem to agree: ZCN now has more assets than VCN.
|CANADIAN EQUITIES||Ticker||Management Fee||# of Holdings||Description|
|Vanguard FTSE Canada All Cap Index ETF||VCN||0.05||212||Exposure to Canadian small, medium and large caps, ultra low fee|
|iShares Core S&P/TSX Capped Composite Index ETF||XIC||0.05||250||Tracks Canada's best known index with a very low fee|
|Horizons S&P/TSX 60 ETF||HXT||0.03||60||Tax-efficient; rock-bottom 0.03% fee to extend at least till September 2018|
|NEW! BMO S&P TSX Capped Composite IDX ETF||ZCN||0.05||251||Fee as low as VCN and XIC; more assets than VCN|