iShares Asset Allocation ETFs, Cheaper than Vanguard!
https://www.canadianportfoliomanagerblo ... tion-etfs/
https://www.blackrock.com/ca/individual ... 2-7-en.pdf
BlackRock’s new tickers come as no surprise; their XBAL and XGRO will be in direct competition with Vanguard’s VBAL and VGRO (Note: The ticker for each iShares Fund is expected to change on or about December 18, 2018). The MER for each Vanguard fund is 0.25%; the projected MER for each iShares ETF is around 0.21%.
XBAL’s long-term strategic asset allocation will be approximately 40% fixed income and 60% equities. XGRO’s strategic asset mix will be more aggressive, with 20% fixed income and 80% equities.
As a bonus iShares ETFs can be setup for pre authorized payment purchases as well (https://www.blackrock.com/ca/individual ... -en-ca.pdf) whereas Vanguard ones cannot.
That makes a big difference as you could now throw $X into XGRO monthly automatically and then have automatic purchases. Completely eliminates all manual work.