Vanguard VFH versus buying Canadian banks?
Vanguard has a US ETF (VFH) that tracks financial institutions. The P/E is 12 right now, which seems cheaper than the Canadian banks.
The alternative is buying a relatively inexpensive Canadian bank like CIBC, or possibly a Canadian financial ETF if I can find one.
Just wondering if anyone has any insight into which would be a better choice for
a) an unregistered account
and
b) a TFSA?
The alternative is buying a relatively inexpensive Canadian bank like CIBC, or possibly a Canadian financial ETF if I can find one.
Just wondering if anyone has any insight into which would be a better choice for
a) an unregistered account
and
b) a TFSA?