Vanguard launches ‘one-ticket solution’ ETFs
This makes following the CCP strategy easier with a single ETF since no re-balancing is required.The Vanguard Conservative ETF Portfolio (VCNS-TSX) has a 40/60 mix of stocks and bonds, respectively, the Vanguard Balanced ETF Portfolio (VBAL-TSX) has a 60/40 mix and the Vanguard Growth ETF Portfolio (VGRO-TSX) is 80/20. Each has a management expense ratio that should come in around 0.24 per cent, less than one-quarter the cost of the average comparable balanced mutual fund.
Each of the three Vanguard funds invests in seven of the company's own ETFs covering Canadian, U.S. and international bonds, as well as the shares of large, medium and small companies in Canada, the United States and in both developed and emerging markets around the world (there are no additional costs for the underlying ETFs).
The portfolios are rebalanced frequently to keep the target mix intact.