stock exchange
We think conservative investors could hold up to 10% of their portfolios in foreign stocks. One way to do that is to buy carefully chosen exchange traded funds (ETFs) that have an overseas focus. The best ETFs offer very low management fees and well-diversified, tax-efficient portfolios of highquality stocks....
VANGUARD FTSE EMERGING MARKETS ETF $35.74 (New York symbol VWO; buy or sell through brokers) aims to track the Financial Times Stock Exchange (FTSE) Emerging Index, which is made up of common stocks of companies in developing countries. The fund’s MER is just 0.15%.
The Vanguard FTSE Emerging Markets ETF’s top holdings include Taiwan Semiconductor (Taiwan: computer chips), Tencent Holdings (China: Internet), China Mobile, China Construction Bank, Naspers Ltd. (South Africa: media), Industrial & Commercial Bank of China, Bank of China, Hon Hai Precision Industry (Taiwan: electronics), Infosys (India: information technology) and Housing Development Finance (India: banking).
The $49.7-billion fund’s breakdown by country is as follows: China, 27.2%; Taiwan, 14.4%; India, 13.3%; South Africa, 9.4%; Brazil, 7.2%; Mexico, 5.5%; Russia, 4.5%; Malaysia, 4.0%; Thailand, 2.7%; Indonesia, 2.2%; Philippines, 1.9%; Poland, 1.8%; Turkey, 1.6%; and others, 4.3%.
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The Vanguard FTSE Emerging Markets ETF’s top holdings include Taiwan Semiconductor (Taiwan: computer chips), Tencent Holdings (China: Internet), China Mobile, China Construction Bank, Naspers Ltd. (South Africa: media), Industrial & Commercial Bank of China, Bank of China, Hon Hai Precision Industry (Taiwan: electronics), Infosys (India: information technology) and Housing Development Finance (India: banking).
The $49.7-billion fund’s breakdown by country is as follows: China, 27.2%; Taiwan, 14.4%; India, 13.3%; South Africa, 9.4%; Brazil, 7.2%; Mexico, 5.5%; Russia, 4.5%; Malaysia, 4.0%; Thailand, 2.7%; Indonesia, 2.2%; Philippines, 1.9%; Poland, 1.8%; Turkey, 1.6%; and others, 4.3%.
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We recommend that investors diversify up to 30% of their portfolios into U.S. stocks and as much as 10% into international securities. One attractive way for safety-conscious investors to do this is with exchange-traded funds (ETFs). Today we look at several ETFs from a U.S. firm that offer a low-fee way to achieve this diversification. We profile two Vanguard ETFs that track a U.S. large-cap index and an emerging market index.
Pennsylvania-based Vanguard Group is one of the world’s largest investment management companies. In all, it administers almost $3 trillion U.S. in 170 mutual funds.
Vanguard, which went into business in 1975, offers low-fee index mutual funds. Generally speaking, Canadians can’t buy units of mutual funds that are registered in the U.S., because they aren’t registered with provincial securities commissions. For that matter, some Canadian funds aren’t available in all provinces.
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Pennsylvania-based Vanguard Group is one of the world’s largest investment management companies. In all, it administers almost $3 trillion U.S. in 170 mutual funds.
Vanguard, which went into business in 1975, offers low-fee index mutual funds. Generally speaking, Canadians can’t buy units of mutual funds that are registered in the U.S., because they aren’t registered with provincial securities commissions. For that matter, some Canadian funds aren’t available in all provinces.
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Pennsylvania-based Vanguard Group is one of the world’s largest investment management companies. In all, it administers almost $3 trillion U.S. in 170 mutual funds. Vanguard, which went into business in 1975, offers low-fee index mutual funds. Generally speaking, Canadians can’t buy units of mutual funds that are registered in the U.S., because they aren’t registered with provincial securities commissions. For that matter, some Canadian funds aren’t available in all provinces. Canadians can, however, buy Vanguard exchange traded funds that trade on stock exchanges. We don’t recommend all of Vanguard’s ETFs, but here are two we do see as low-fee buys....
Exchange traded receipts are a novel way for investors to invest in gold bullion
Scotia Global Dividend Fund is a mutual fund that invests in dividend-paying stocks worldwide.
Its top holdings are Citigroup, UBS Group AG, Wells Fargo & Company, Nestlé SA, Procter & Gamble, Roche Holdings AG, Novartis AG, Mondelez International, Apple and Bayer AG.
Scotia Global Dividend Fund’s geographic breakdown includes the U.S., 48.7%; Switzerland, 11.2%; Canada, 9.7%; the U.K., 9.0%; and Germany, 3.3%.
The fund’s MER is 2.64%. It yields 2.2%.
The Scotia Global Dividend Fund holds mostly large-capitalization multinational companies. We don’t see any particular advantage in investing solely in the world’s biggest stocks, and we have no reason to believe the fund’s managers can create any such advantage. With that in mind, we see little appeal in exposing yourself to a 2.64% MER, so we don’t recommend the Scotia Global Dividend Fund.
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Its top holdings are Citigroup, UBS Group AG, Wells Fargo & Company, Nestlé SA, Procter & Gamble, Roche Holdings AG, Novartis AG, Mondelez International, Apple and Bayer AG.
Scotia Global Dividend Fund’s geographic breakdown includes the U.S., 48.7%; Switzerland, 11.2%; Canada, 9.7%; the U.K., 9.0%; and Germany, 3.3%.
The fund’s MER is 2.64%. It yields 2.2%.
The Scotia Global Dividend Fund holds mostly large-capitalization multinational companies. We don’t see any particular advantage in investing solely in the world’s biggest stocks, and we have no reason to believe the fund’s managers can create any such advantage. With that in mind, we see little appeal in exposing yourself to a 2.64% MER, so we don’t recommend the Scotia Global Dividend Fund.
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This week’s first question helps illustrate a common practice in today’s investment business, particularly in ETFs (Exchange Traded Funds). ETFs are a little like conventional mutual funds, but with two key differences. First, ETFs trade on a stock exchange throughout the day, much like ordinary stocks. So you can buy them through a broker whenever the stock market is open, and generally you pay the same commission rate that you pay to buy stocks. In contrast, you can only buy most conventional mutual funds at the end of the day. Commissions vary widely, depending on negotiation with your broker for fund dealer....
Over-the-counter trading is for investors who don’t mind risk and are willing to chance losing their money
An American Depositary Receipt (ADR) is a certificate that lets investors invest in a foreign company on U.S. stock markets.
Investing in high quality stocks rewards you when you have the discipline to keep only the stocks in which you have the most confidence.