Index funds on the other hand are similar to mutual funds and they trade once at market close. Vanguard Growth ETF Portfolio VGRO Morningstar Analyst Rating Quantitative rating as of Oct 31, 2020. A self-directed online brokerage such as Questrade offers commission-free purchases of ETFs and you only pay to sell. (VGRO … ETF Name Ticker Management Fee MER # of Holdings Description; Vanguard Growth ETF Portfolio: VGRO: 0.22: 0.25: 7: Holds 7 Vanguard ETFs, 80% equities versus 20% bonds Detailed price information for Vanguard Growth ETF Portfolio (VGRO-T) from The Globe and Mail including charting and trades. If you have a higher risk tolerance and have a TFSA or RRSP account that you just want to set and forget, VGRO could be the perfect ETF for you. It is simply impossible and/or impractical to build a portfolio as diversified as an asset allocation ETF from scratch on your own. What types of investments are inside of VGRO? VGRO is an Exchange Traded Fund (ETF) that trades in a similar way as a stock on an exchange with prices moving up and down throughout the day. VGRO consists of several different Vanguard ETFs. Posted by Enoch Omololu | Published Jun 29, 2020. VGRO is a growth exchange-traded-fund (ETF) portfolio that has been trading on the Toronto Stock Exchange since January of 2018. @Cathay: I think you would benefit more by chatting with a financial advisor so they can look at your overall financial picture to determine what level of risk is appropriate. Both XGRO and VGRO have a low-medium risk rating. That said, in general, I would not suggest VGRO as an option for investing when you are already in the decumulation phase of retirement. You can open a Wealthsimple Trade account here. The top 10 holdings consist of top blue-chip stocks in Canada and the U.S as you can see below. Your email address will not be published. Wealthsimple Trade is Canada’s only commission-free brokerage platform for when you are buying and/or selling ETFs and stocks. Overall, there isn’t much of a difference, and you can’t go wrong with either. Join the Wealth Awesome mailing list to receive the latest news and updates, plus a free Canadian Personal Finance Resource Guide. VFV only contains US stocks. Get the latest stock price for Vanguard Growth ETF Portfolio Redeemable transferable units (VGRO), plus the latest news, recent trades, charting, insider activity, and analyst ratings. If you want to buy the VGRO ETF, consider opening a free Questrade account. ETFs can save you a ton of money in investment fees paid to portfolio managers. So if you were to buy that as well as VGRO, you’d have a higher … The large cap equity allocations weighs heavily towards financials (e.g. Sign up now to join thousands of other visitors who receive our latest personal finance tips once a week. If you’re Canadian, most banks will have a trading platform where you can purchase the ETF mentioned above. VGRO is regularly rebalanced to ensure it maintains its target asset allocations and to keep its risk level at the appropriate level. In a taxable account, to use VGRO as the example, if the potential tax drag is O.1% and the MER is 0.25% and FWT of 0.17% does it appear that the all in cost approximates 0.52% for this ETF. We go over the main features of Vanguard's VGRO ETF, … There is already $919 million in assets in the fund, which signifies investors growing appetite for an easy passive investing solution with low fees. My husband and I both have defined benefit pensions which we are currently receiving and we are trying to decide whether to go with VBAL or VGRO for our TFSAs and RRSPs or perhaps both ETFs, one for each. Sign-in to your Questrade account. Related: Commission-Free Stock Trading Platforms. VGRO is a growth exchange-traded-fund (ETF) portfolio that has been trading on the Toronto Stock Exchange since January of 2018. Let’s compare our new favourite all-in-one-ETF (VGRO) to a similar big mutual fund portfolio in Canada… say the Investors Growth Portfolio (Series A) from IG Wealth Management. View the latest ETF prices and news for better ETF investing. Vanguard FTSE Canada All Cap Index ETF (VCN), Vanguard FTSE Developed All Cap ex North America Index ETF (VIU), Vanguard Canadian Aggregate Bond Index ETF (VAB), Vanguard FTSE Emerging Markets All Cap Index ETF (VEE), Vanguard Global ex-US Aggregate Bond Index ETF CAD-hedged (VBG), Vanguard US Aggregate Bond Index ETF CAD-hedged, iShares Core S&P Total U.S. Stock Market ETF (ITOT), iShares S&P/TSX Capped Composite Index ETF (XIC), iShares Core Canadian Universe Bond Index ETF (XBB), iShares Core MSCI Emerging Markets ETF (IEMG), iShares Core Canadian Short Term Corporate ETF (XSH), iShares Broad USD Investment Grade Corporate Bond ETF (USIG), This post may contain affiliate links. For Wealthsimple Trade, there are no trading commissions for buy or sell trades and VGRO does not trigger currency exchange fees because it is listed in CAD. I’m an even bigger fan of the relatively new Vanguard ETF Portfolio series. The platform is easy to use, and the support has been outstanding so far. VGRO is a balanced ETF. Because of this feature, you will save on trading fees, plus you never have to worry about monitoring your asset mix. The MER includes the management fee, taxes, trading fees, etc. DIY investors who have little or no time for rebalancing will find VGRO to be very convenient to purchase and manage. I like them because they provide diversified exposure to the largest companies in the world (outside Canada) through a single ETF… Purchasing an ETF on the platform is easy and you do not pay trading commissions when buying ETFs. Hands-free portfolio management with no need for manual rebalancing. If the gym that you go to is difficult to get to and out of the way, the less likely you are to go to it. They are diversified (reducing risk), are tax-efficient (as they have a low portfolio turnover and don’t trade too often), can improve your returns (lower fees), and are easy to purchase online. XGRO has a target allocation of 80% stocks to 20% bonds and has been around since 2007 under a different name – iShares Balanced Growth CorePortfolio Index ETF (CBN). VGRO offers investors access to industry diversification. Your email address will not be published. I have been using the discount broker Questrade for all my stock and ETF trading for the past eight years. DIY investors who purchase ETFs directly using an online brokerage account can potentially save thousands of dollars in fees over time compared to buying traditional mutual funds. 100 units. As a VGRO investor, you don’t need to worry about rebalancing your portfolio, as it is done automatically. U.S stocks tend to outperform Canadian stocks in the long run, so I would have liked to see an even higher weighting to the U.S. You don’t have control over what sectors or countries you would like to overweight. Because you are basically getting exposure to the entire world of stocks, the entire holdings consist of thousands of stocks. Let’s go over the reasons why: Summary: Vanguard VGRO is a growth ETF portfolio that automatically rebalances at a low annual MER. VGRO is an Exchange Traded Fund (ETF) that trades in a similar way as a stock on an exchange with prices moving up and down throughout the day. If you make regular purchases of VGRO, your trading fees can add up. Would you recommend this ETF … One of the best features of these portfolios is that you don’t need to rebalance it, as you would have to if you were to make the portfolio yourself. We hold VGRO, VEQT and VBAL in different accounts and love them for their low-fee structure and almost hands-free ongoing management. When evaluating offers, please review the financial institution’s Terms and Conditions. See https://www.vanguardcanada.ca/individual/mvc/loadImage?country=can&docId=12396. 4 – In this example, I am entering an order to purchase 100 units of VGRO at $25.63 using a “limit order” and setting the trade duration to GTC (good till cancelled). whatever price is currently available, or you can choose a limit, limit-on-open, limit-on-close, stop, stop-limit, trailing-stop, or trailing-stop-limit order. VGRO is Vanguard’s growth portfolio designed to provide long-term capital by investing in equity and fixed income securities. In 2019, VGRO returned 17.84%, however, as you can expect, the recent economic downturn has not spared it. The asset mixes are designed to give you worldwide exposure, as you can see here: For VGRO’s asset allocation, 56.6% is split between US and Canada equities, with international equities and emerging markets taking up around 23.2%. VGRO has a management fee of 0.22% and the MER is 0.25%. Performance charts for Vanguard Growth ETF Portfolio (VGRO - Type ETF) including intraday, historical and comparison charts, technical analysis and trend lines. This article does a good comparison specifically between XGRO and VGRO for those interested. As of May 31, 2020, it held 12,441 individual stocks and 16,821 bonds. Your email address will not be published. They are automatically rebalanced and are globally diversified. I have updated the typo – Thanks. Trading commissions add up if your broker does not offer commission-free trading. This VGRO review covers its composition, returns, fees, top holdings, pros and cons, how to purchase Vanguard ETFs in Canada, and how it compares to XGRO. How To Purchase VGRO ETF on Wealthsimple Trade, Basic Investment Terms Every Investor Should Know (1), Moka (Mylo) Review: How To Simplify and Automate Your Savings and Investing, What is an RESP? Required fields are marked *. Pre-qualified offers are not binding. Buy VGRO with free $0 Questrade ETF trades. Learn about VGRO (XTSE) with our data and independent analysis including price, star rating, asset allocation, capital gains, and dividends. There is a $50 free trade bonus when you sign up. The MER for VGRO is even lower than robo-advisors. You should take note of its high stock component (risk) and ensure it is in line with your risk tolerance. If the idea of portfolio rebalancing causes you to break out in a cold sweat, asset allocation ETFs such as Vanguard’s Growth ETF (VGRO) are way more convenient. I’m a huge fan of Vanguard. VFV is only the S&P500 and VGRO is a globally diversified ETF portfolio. Fees matter and in the long run, they impact your overall returns. I like to think of investing like exercising. Vanguard’s VGRO is a great option for investors who want worldwide diversification, and to have passive index investing without need to monitor the account at all. For index funds, I like the TD e-Series funds. You will always be diversified if you purchase VGRO, and can rest assured that it will be large companies that will be around for a while. Learn everything you need to know about Vanguard Growth ETF (VUG) and how it ranks compared to other funds. Also referred to as ‘single-ticket’ or ‘one-ticket’ solution funds, these … Same with investing, if it is too confusing or you need to monitor too much, many people just won’t bother with investing at all. Here are some of the key facts about this fund as of June 24, 2020: As of May 31, 2020, the asset allocation was 80.51% stocks, 19.26% bonds, and 0.23% cash and cash equivalents. Tangerine investment funds have an MER of 1.07%. I show an example using VGRO below. Robo-advisors such as Wealthsimple have a 0.40% to 0.50% management fee. Disclaimer: Wealth Awesome strives to keep its information accurate and up to date. I personally feel there is too much Canadian exposure in VGRO. Start a 14-day free trial to Morningstar Premium … Best Robo-Advisor RESP Investments in Canada, https://www.vanguardcanada.ca/individual/mvc/loadImage?country=can&docId=12396, XBAL Review: iShares Core Balanced ETF Portfolio Explained, 7 Things To Consider For Your Year-End Financial Checklist, Vanguard Conservative Income ETF Portfolio (VCIP), Vanguard Conservative ETF Portfolio (VCNS), Vanguard Growth ETF Portfolio (VGRO), and, Eligible accounts: RRSP, RRIF, RESP, TFSA, DPSP, RDSP, non-registered accounts, Low cost management fee compared to mutual funds and robo-advisors. Copyright 2020 Wealthawesome.com All Rights Reserved. All investments carry an element of risk.VGRO has a low cost of 0.25% per year and this saves you more than 1% in fees annually compared to the average equity mutual fund. Its 80:20 stock to bond split is a bit aggressive, however, it is not as aggressive as the all-equity VEQT ETF. If you've been following my financial freedom updates, you'll see that I'm a fan of global index ETFs (ex-Canada). The underlying funds making up the portfolio as of this date are: An 80:20 equity to fixed income ratio signifies an above average level of risk tolerance. VGRO is also globally diversified with its top-10 market allocation for equities on May 31, 2020, as follows: And the top-10 market allocation for VGRO fixed income assets are: Related: All-in-One ETF Portfolio Options. With an 80% bond, 20% equity approach – you're looking at decent risk for a high return. VGRO | A complete Vanguard Growth ETF Portfolio exchange traded fund overview by MarketWatch. It’s ideal for a TFSA or RRSP. Building your investment portfolio using individual ETFs is not a very difficult task, however, you will need to manually rebalance your ETF portfolio every now and then. Get more details about the platform in this Questrade review. In this example, I set my limit price at $25.63, just two cents below the lowest price recorded so far that day. In fact, I use ETF… One note: the inception date of VGRO is January 25, 2018, not Jan 24, 2020. The rest consists of bonds. Performance of Vanguard Balanced ETF Portfolio (VBAL) Amongst ETF portfolios, VBAL has quite a remarkable portfolio. Even better, they have a lower management fee compared to mutual funds or robo-advisors and are designed to suit different investment risk profiles. Index funds on the other hand are similar to mutual funds and they trade once at market close. I like that it has a higher U.S weighting also. Designed by Elegant Themes | Powered by WordPress. Lower fees than robo-advisors and much lower than mutual funds, Country mix is too heavily Canadian weighted, Fees are slightly higher than some competitors, Personal Finance Resources Guide that will help you master your finances in Canada. Purchasing individual ETFs may be cheaper. There is already $919 million in assets in the fund, which signifies investors growing appetite for an easy passive investing solution with low fees. The Vanguard VGRO ETF is one of my favorite ones in this series. Here is the performance so far, no surprises are so far given the underlying ETFs, with a YTD return up to September 30th of 12.86%. The portfolio is automatically rebalanced, so you never have to worry about your asset mixes getting misaligned from what your original goals are. RBC and TD) and technology (e.g. However, until Vanguard lowers its fees to be the same as this iShares one, I think I would have to side with iShares. Vanguard Growth ETF Portfolio (VGRO) Investment objective and strategy: Seeks to provide long-term capital growth by investing primarily in equity and fixed income securities—either directly or indirectly through investment in seven underlying low-cost Vanguard index ETFs… He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and has a passion for helping others win with their finances. You want to spread the risk because you don't know when the S&P500 will underperform the rest of the world, which it has. Currently, there are five different types of Vanguard portfolios, ranging in allocations from conservative to all equity. Low-cost management fee compared to mutual funds and robo-advisors. … $25.63 if you are using a “limit buy”, Enter the number of VGRO shares you want to buy e.g. VGRO is Vanguard Canada’s all-in-one growth ETF portfolio. This all-in-one portfolio is quite new and does not have a lengthy returns history. The company is essentially a non-profit asset management firm since all of the profits are returned to investors in the form of lower fees. This site uses Akismet to reduce spam. I personally went with XGRO due to the lower MER and stronger US asset allocation ratios. MultiAsset ETFs are what they sound like, a single ETF that hold multiple assets in it – i.e., both stocks and bonds to provide a one-stop shop for retail investors to follow a buy-and-forget couch potato style investing approach. That’s why I think these new Vanguard portfolio series are so great: just buy it and forget it, and watch your account grow over the years! In addition to other fee-saving investment products they have pioneered over the years, Vanguard now has a line of all-in-one ETF portfolios including: One-stop portfolios such as the ones listed above offer convenience to beginner and experienced investors alike, and they work well in registered investment accounts. 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