New portfolios from Vanguard
Toronto-based Vanguard Investments Canada Inc. has launched three “single ticket” ETFs. These ETF portfolios are designed to provide investors with broad diversification and global exposure through a single product. Vanguard Conservative ETF Portfolio, for example, invests in equities and fixed-income securities — with an allocation of 40% equities and 60% fixed-income — with the goal of providing investors with a combination of income and moderate longterm capital growth. Vanguard Balanced ETF Portfolio is meant to provide investors with long-term capital growth with a moderate level of income by investing in equities and fixedincome securities with an allocation of 60% equities and 40% fixed-income. Finally, Vanguard Growth ETF Portfolio invests in equities and fixed-income securities, with a strategic allocation of 80% equities and 20% fixed-income. All three ETF portfolios have a management fee of 0.22%.