I like that it has a higher U.S weighting also. See https://www.vanguardcanada.ca/individual/mvc/loadImage?country=can&docId=12396. Learn how your comment data is processed. What types of investments are inside of VGRO? View Top Holdings and Key Holding Information for VANGUARD GROWTH ETF PORTFOLIO (VGRO.TO). The TFSA for VBAL etc. So if you were to buy that as well as VGRO, you’d have a higher … There is a $50 free trade bonus when you sign up. Tangerine investment funds have an MER of 1.07%. In this example, I set my limit price at $25.63, just two cents below the lowest price recorded so far that day. Because of this feature, you will save on trading fees, plus you never have to worry about monitoring your asset mix. ETF characteristics VGRO Number of stocks 12,532 Median market cap $86.1B Price/earnings ratio 19.5x Price/book ratio 1.7x Return on equity 11.4% Earnings growth rate 9.9% Equity yield (dividend) 2.8% Sector weighting VGRO … It is made up of several other Vanguard Index ETFs and has a target allocation that is approximately 80% equity (stocks) and 20% fixed income (bonds). One note: the inception date of VGRO is January 25, 2018, not Jan 24, 2020. 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. The Vanguard all-in-one ETFs make for a simple portfolio. This post may contain an affiliate relationship with companies that Wealth Awesome believes in personally. VGRO has an 80/20 split, making it 80% equities and 20% fixed income, which is why it is classified as a growth type of investment. 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. Tax-efficient in registered accounts e.g. Low-cost management fee compared to mutual funds and robo-advisors. VBAL is a bit less volatile, however, an even lower risk portfolio such as VCNS or VCIP may be preferable if you are reliant on the income. 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. As a VGRO investor, you don’t need to worry about rebalancing your portfolio, as it is done automatically. You can open a Wealthsimple Trade account here. We may receive a fee when you click on a link, at no additional cost to you. I have updated the typo – Thanks. Your email address will not be published. Hands-free portfolio management with no need for manual rebalancing. 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. VGRO | A complete Vanguard Growth ETF Portfolio exchange traded fund overview by MarketWatch. Trading fees for ETFs range from $0 to $9.99 per trade, depending on your broker. 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. I show an example using VGRO below. Pre-qualified offers are not binding. DIY investors who have little or no time for rebalancing will find VGRO to be very convenient to purchase and manage. Robo-advisors such as Wealthsimple have a 0.40% to 0.50% management fee. Learn about VGRO holdings, returns, pros and cons, how to purchase VGRO on Questrade and Wealthsimple Trade, and how it compares to XGRO. VGRO is a balanced ETF. Trading commissions add up if your broker does not offer commission-free trading. Depending on your portfolio mix, this option will cost you roughly 0.45% per year. Get more details about the platform in this Questrade review. 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. However, until Vanguard lowers its fees to be the same as this iShares one, I think I would have to side with iShares. This article does a good comparison specifically between XGRO and VGRO for those interested. 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. 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. Start a 14-day free trial to Morningstar Premium … Canadian government bonds. Any input would be greatly appreciated. Copyright 2020 Wealthawesome.com All Rights Reserved. Lower costs can lead to improved returns over time, Hassle-free management with no need for manual rebalancing, If you don’t mind playing around with asset allocations, purchasing individual ETFs can save you some money, Frequent small trades can become costly if your broker charges a trading commission, Click on buy and select either market buy, limit buy, or a stop-limit buy, Enter your preferred price e.g. This site uses Akismet to reduce spam. Wealthsimple Trade is Canada’s only commission-free brokerage platform for when you are buying and/or selling ETFs and stocks. All financial products, shopping products and services are presented without warranty. For index funds, I like the TD e-Series funds. $25.63 if you are using a “limit buy”, Enter the number of VGRO shares you want to buy e.g. Vanguard’s asset-allocation ETFs came around after I had already set up my two-ETF portfolio and I haven’t bothered to switch. ETFs can save you a ton of money in investment fees paid to portfolio managers. If you don’t have one, you can register here and get $50 in free trades. … I like to think of investing like exercising. You won’t have to worry about rebalancing the portfolio, just contribute to it regularly and watch your assets grow. 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. As of May 31, 2020, it held 12,441 individual stocks and 16,821 bonds. Here are the underlying ETF funds that make up XGRO as of June 23, 2020: Compared to VGRO, XGRO has a management fee of 0.18% (vs. 0.22%) and management expense ratio of 0.20% (vs. 0.25%). A limit order specifies how much I want to pay per unit of VGRO. You will also receive our FREE e-Book! View the latest ETF prices and news for better ETF investing. His writing has been featured or quoted in The Globe and Mail, Toronto Star, MSN Money, Financial Post, Winnipeg Free Press, Wealthsimple and many other personal finance publications. There are many ways to buy Vanguard VGRO stock. Buy VGRO with free $0 Questrade ETF trades. Currently, there are five different types of Vanguard portfolios, ranging in allocations from conservative to all equity. Purchasing individual ETFs may be cheaper. Both XGRO and VGRO have a low-medium risk rating. Vanguard is really a household name when it comes to investment management. Compared to the 2% or higher MER cost of comparable equity mutual funds, you are saving a lot in fees. They are automatically rebalanced and are globally diversified. 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. If you want to buy the VGRO ETF, consider opening a free Questrade account. Even better, they have a lower management fee compared to mutual funds or robo-advisors and are designed to suit different investment risk profiles. Enter your email to receive a download link for your FREE Personal Finance Guide in Canada. Blackrock’s iShares Core Growth ETF Portfolio (XGRO) is an all-in-one growth portfolio similar to VGRO. Detailed price information for Vanguard Growth ETF Portfolio (VGRO-T) from The Globe and Mail including charting and trades. The net assets under management for … Learn everything you need to know about iShares Core Dividend Growth ETF (DGRO) and how it ranks compared to other funds. What types of investments are inside of VGRO? 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. The VGRO all-in-one portfolio comprises of several index ETFs. 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). Vanguard Balanced ETF Portfolio (VBAL) will provide long-term capital growth with a moderate level of income split 60% equities to 40% fixed income. VGRO offers investors access to industry diversification. 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%. We hold VGRO, VEQT and VBAL in different accounts and love them for their low-fee structure and almost hands-free ongoing management. That said, in general, I would not suggest VGRO as an option for investing when you are already in the decumulation phase of retirement. Add in the ETF MERs, and you pay a total of 0.60% to 0.70% in fees per year. XGRO has slightly lower MER than Vanguards VGRO at 0.20% vs 0.25%, and a slightly different asset mix also, seen here: The U.S and international weighting are slightly more, and Canadian and emerging markets are slightly less. I am a big fan of using ETFs and recommend it for most people who are not familiar with investing, or do not want the risk of researching and monitoring individual companies, or simply do not have the time to dedicate to follow various stocks in the public investing markets. We go over the main features of Vanguard's VGRO ETF, … The portfolio is automatically rebalanced, so you never have to worry about your asset mixes getting misaligned from what your original goals are. I have been using the discount broker Questrade for all my stock and ETF trading for the past eight years. 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. Fees matter and in the long run, they impact your overall returns. You can also use the promo code SAVVY50. VGRO ETF Review When we look at ‘VGRO stock’, VGRO is the ETF ticker symbol on TSX which stands for Vanguard Growth Exchange Traded Fund. There is already $919 million in assets in the fund, which signifies investors growing appetite for an easy passive investing solution with low fees. If you've been following my financial freedom updates, you'll see that I'm a fan of global index ETFs (ex-Canada). VGRO is Vanguard Canada’s all-in-one growth ETF portfolio. Thanks for a good article. The rest consists of bonds. TFSA or RRSP. 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. @Jeremy: Good catch. They offer investors access to multiple investment products including ETFs, mutual funds, stocks, options, bonds, and more. It is simply impossible and/or impractical to build a portfolio as diversified as an asset allocation ETF from scratch on your own. Even though this MER is higher than if you were to buy individual ETFs, I like it for several reasons: There isn’t much data on VGRO since it just started in 2018. 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 an even bigger fan of the relatively new Vanguard ETF Portfolio series. VFV only contains US stocks. This is a VEQT review that covers the ETF’s key facts, ETF and stock holdings, returns, fees, how it compares to other all-in-one funds like VGRO and XEQT, and so on. Performance of Vanguard Balanced ETF Portfolio (VBAL) Amongst ETF portfolios, VBAL has quite a remarkable portfolio. The MER for VGRO is much lower than mutual funds. The top 10 holdings consist of top blue-chip stocks in Canada and the U.S as you can see below. 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 regularly rebalanced to ensure it maintains its target asset allocations and to keep its risk level at the appropriate level. Should you invest in the VGRO stock ETF? This all-in-one portfolio is quite new and does not have a lengthy returns history. 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. Learn everything you need to know about Vanguard Growth ETF (VUG) and how it ranks compared to other funds. Lastly, VGRO is also much cheaper than the one-stop solution funds offered by Tangerine. 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! It definitely pointed out a few things I wasn’t thinking of, and helped me decide: https://creditcarrots.com/xgro-vs-vgro/, Your email address will not be published. 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. VGRO is a growth exchange-traded-fund (ETF) portfolio that has been trading on the Toronto Stock Exchange since January of 2018. Overall, there isn’t much of a difference, and you can’t go wrong with either. Purchasing an ETF on the platform is easy and you do not pay trading commissions when buying ETFs. It’s ideal for a TFSA or RRSP. 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 risk rating for VGRO is low to medium and it trades on the Toronto Stock Exchange under the ticker symbol “VGRO.”. The “Bid price” of $25.77 is the highest price that traders are willing to pay for VGRO as of when I placed this trade, while the “Ask price” of $25.79 is the lowest price that traders are willing to sell VGRO. The Vanguard VGRO ETF is one of my favorite ones in this series. Performance charts for Vanguard Growth ETF Portfolio (VGRO - Type ETF) including intraday, historical and comparison charts, technical analysis and trend lines. The MER for VGRO is even lower than robo-advisors. 100 units. Its low-risk nature ensures that investors have very little to fear when they invest in this ETF. Because you are basically getting exposure to the entire world of stocks, the entire holdings consist of thousands of stocks. VBAL has $1 billion … VBAL is part of Vanguard Canada’s very popular asset-allocation portfolio series. If you’re Canadian, most banks will have a trading platform where you can purchase the ETF mentioned above. 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… Asset allocation ETFs like … VFV is only the S&P500 and VGRO is a globally diversified ETF portfolio. 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%. 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. Designed by Elegant Themes | Powered by WordPress. 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. 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. The good news is that these all-in-one ETF portfolios have been embraced by many do-it-yourself investors: VGRO, for example, has attracted more than $570-million in assets in barely a year. When evaluating offers, please review the financial institution’s Terms and Conditions. That said, the overall risk profile of the VGRO portfolio is low-medium. 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. iShares Core Growth ETF Portfolio, or XGRO, is a similar product that is offered by Blackrock. Examples are Tangerine funds and TD e-Series. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. I personally feel there is too much Canadian exposure in VGRO. In 2019, VGRO returned 17.84%, however, as you can expect, the recent economic downturn has not spared it. VGRO has a management fee of 0.22% and an MER of 0.25%. VGRO is a growth exchange-traded-fund (ETF) portfolio that has been trading on the Toronto Stock Exchange since January of 2018. 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. A self-directed online brokerage such as Questrade offers commission-free purchases of ETFs and you only pay to sell. The platform is easy to use, and the support has been outstanding so far. 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. All-in-one ETF portfolios such as Vanguard Balanced ETF Portfolio (VBAL) have made self-directed investing easier than ever. 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