Toronto-based Vanguard Investments Canada Inc. has introduced three new ETF portfolios that aim to provide investors with diversified exposure to equities and fixed-income.
Vanguard Conservative ETF Portfolio, Vanguard Balanced ETF Portfolio and Vanguard Growth ETF Portfolio all began trading on the Toronto Stock Exchange on Thursday.
“Investors and advisors are increasingly looking for simple yet sophisticated single-ticket investment solutions that provide well-diversified global equity and bond exposure within a low-cost ETF structure,” says Atul Tiwari, managing director for Vanguard Canada, in a statement. “These ETFs address that need by providing a choice of three different risk profiles, regular rebalancing and they will be among the lowest cost solutions in their categories.”
Vanguard Conservative ETF Portfolio aims to provide a combination of income and moderate long-term capital growth. The portfolio has an allocation of 40% equities and 60% fixed-income.
Vanguard Balanced ETF Portfolio seeks to provide long-term capital growth with a moderate level of income. It has an allocation of 60% equities and 40% fixed-income.
Lastly, Vanguard Growth ETF Portfolio seeks to provide long-term capital growth, with an allocation of 80% equities and 20% fixed-income.
Each ETF portfolio is composed of seven core Vanguard index ETFs and provides exposure to a combination of Canadian, U.S. and international securities. Each portfolio has a management fee of 0.22%.
Including the three new ETF portfolios, Vanguard now has 36 ETFs in Canada, with about $14 billion in assets under management.