Mackenzie's Asset Allocation ETFs

  Рет қаралды 7,211

DIY Index Investing with Justin Bender

DIY Index Investing with Justin Bender

Күн бұрын

Пікірлер: 54
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
100% of KZbin revenues received by the Canadian Portfolio Manager channel have been donated to SickKids Foundation. If this video has helped save you a few dollars on fees or taxes, please consider donating a portion of your savings to SickKids Foundation: www.sickkidsfoundation.com/
@SpiritOfTheLaw
@SpiritOfTheLaw 2 жыл бұрын
You had me at lower MER. Love the tax breakdown, and great video as always. Tax is where it gets tricky for DIY investing. Can't wait until they come out with MEQT for 100% equity.
@phowley007
@phowley007 2 жыл бұрын
I’d be intested in meqt also. Any idea if they are releasing it?
@SpiritOfTheLaw
@SpiritOfTheLaw 2 жыл бұрын
@@phowley007 I'm just speculating it'll be offered eventually to match VEQT, XEQT, GEQT, etcetera
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Noah Howley - I'll send a note to my Mackenzie contact and report back on whether they are planning an MEQT asset allocation ETF.
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@@phowley007 - I spoke with Mackenzie, and they unfortunately could not provide a definitive answer. They are, however, monitoring comments on this channel, so if there are any ETFs on your "wish list", please continue to make them known :)
@phowley007
@phowley007 2 жыл бұрын
@@JustinBenderCPM Would mgrw be even better in a non registered or corporate account than the other all in one products? Because of decreased tax drag? I’m thinking 50% MGRW and 50%vEQT just to get more stock exposure.
@GodOfSpades101
@GodOfSpades101 2 жыл бұрын
Amazing video Justin, as always. I'm very intrigued by the Mackenzie's funds. I just had one question. At 1:50, it says on the Vanguard section on the right that Vanguard "excludes Korea" from international-developed and "includes Korea" in Emerging Markets. I was under the impression that Vanguard's VIU includes South Korea, and VEE excludes it, since they track the FTSE index and FTSE considers Korea to be developed. I could be totally wrong here. I was just wondering. Thanks.
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@GodofSpades101 - You are correct that Vanguard's VIU includes South Korea and VEE excludes it (as the FTSE indexes they follow consider Korea to be a developed country). To make the country/region percentages comparable to the Mackenzie funds (which follow Solactive indexes, which consider Korea to still be an emerging market), I reallocated Korea's weight in the Vanguard portfolios back to emerging.
@GodOfSpades101
@GodOfSpades101 2 жыл бұрын
@@JustinBenderCPM I see, makes sense. Thank you! Looking forward to future videos!
@DC-nj8kv
@DC-nj8kv 2 жыл бұрын
Always look forward to your vids, Justin. Do you see any issue with these funds low net assets or trading volume?
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@D C - Thanks! I don't see any issues with the low net assets (they would be expected to grow) or trading volume (as long as investors use limit orders and trade during market hours).
@markhermann3074
@markhermann3074 2 жыл бұрын
Interesring! Will these ETFs be added to your Foreign Witholding Tax Ratio calculator?
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Mark Hermann - I wasn't planning to add them at this time (as the spreadsheet is getting very cluttered), but I might change this at some point in the future.
@yevkasseem9841
@yevkasseem9841 2 жыл бұрын
Mackenzie ETF's don't seem to get enough attention compared to Vanguard and iShares. Their traditional index ETFs - QCN, QUU, QEE, QDX - seem to be cheaper compared to the rest. Any idea why this is?
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Yev Kasseem - Mackenzie's ETFs were released after Vanguard and iShares released their comparable ETFs (so Mackenzie undercut their costs to entice new investors).
@lmcgbaj
@lmcgbaj 2 жыл бұрын
Thanks for your informative content Justin and Shannon. I do own the Vanguard and BMO Asset Allocation ETFs in my portfolio but was wondering if holding Bonds at this time is a good idea. Most Bond ETFs are dropping dramatically due to interest rates increasing. So unless you are in the camp who believe the Fed will revert back to monetary stimulus and stop increasing rates, is there any point in holding bonds for 2022-2023? Maybe all equity ETFs are the best solution during this period?
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@G B - While it's true Canadian bonds are down in value by about 8% YTD, equities can drop substantially more in any given year (they dropped over 30% during the pandemic and over 50% during the financial crisis). If you're comfortable watching your portfolio lose 50% of its value during the next significant stock market plunge (and don't require funds from the portfolio for decades), than having zero dollars invested in bonds may be appropriate. I would suggest watching this video for a quick reality check: Choosing Your Asset Allocation ETF: kzbin.info/www/bejne/gKqyoqSqppZloLM
@lmcgbaj
@lmcgbaj 2 жыл бұрын
@@JustinBenderCPM thanks. My logic is that Bonds in the next 12 months are a guaranteed loss so why bother. Just keep cash for that portion.
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@@lmcgbaj - GICs are also an option, if you don't like seeing your fixed income holdings fluctuate in value.
@learnwithkris2590
@learnwithkris2590 2 жыл бұрын
I hope Mackenzie will launch an all equity asset allocation ETF. Something similar to VEQT.
@adrianyago5196
@adrianyago5196 10 ай бұрын
Now it’s out since November 2023 with ticker MEQT
@learnwithkris2590
@learnwithkris2590 10 ай бұрын
@@adrianyago5196 Thanks. I put everything into TGRO. TGRO is 10% bonds and 90% without emerging market exposure, and it makes the distributions on a monthly basis.
@HamiltonRb
@HamiltonRb 2 жыл бұрын
With interest rates soon to rise possibly four times in the next year, and inflation already rising quickly, what do you think of the 60/40 portfolio for retirees now, or will 80/20 be the new norm?
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@HamiltonRb - The 60/40 portfolio has never been "for retirees", or for any particular group of investors. Each investor needs to decide (based on their own situation) what asset mix is appropriate for them. I'd suggest rewatching this video: How to Choose Your Asset Allocation ETF | kzbin.info/www/bejne/gKqyoqSqppZloLM
@phowley007
@phowley007 2 жыл бұрын
I see fidelity also has all in one ETFs now. Any thoughts on these? Im intrigued by Mackenzie after watching this video.
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Noah Howley - I haven't looked at these in much detail, as they use factor-based ETFs (i.e., they use actively managed strategies, instead of passive market-based strategies like Vanguard, iShares, BMO and Mackenzie). I would encourage investors to stick with these four ETF providers' asset allocation products instead.
@myjourney9566
@myjourney9566 2 жыл бұрын
Excellent Video as always, Justin. Does the Tax Efficiency of the International & Emerging Markets Fixed Income also apply to CIBC's Global Bond ex Canada Index ETF (CAD-Hedged), CGBI. It's a relatively new fund but it has almost 4x VGAB's AUM. Thanks
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Not a Financial Advisor - CGBI should have similar tax efficiency to a combination of QUB/QDXB (FYI - it doesn't look like it includes emerging markets bonds, whereas the Vanguard and Mackenzie portfolios do)
@myjourney9566
@myjourney9566 2 жыл бұрын
@@JustinBenderCPM I’d imagine the inclusion/exclusion of emerging market bonds isn’t enough reason to prefer anyone of the AA ETFs over another. QEE looks to be the worthy rival to VEE/XEC we’ve all been waiting for. Finally.. Thanks for all the knowledge you’re sharing with us DIY Investors
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@@myjourney9566 - I would agree - emerging markets bonds make up such a small percentage of the Mackenzie and Vanguard asset allocation ETFs that they're unlikely to noticeably impact performance.
@mikereyes9539
@mikereyes9539 2 жыл бұрын
Great content! Might I suggest doing a video as well on Fidelity Canada's All-In-One ETFs (FCNS, FBAL, FGRO, FEQT)? Seems they do it a bit differently with factor investing and with exposure to crypto. Thanks and keep the videos coming!
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Mike Reyes - I'm glad you've been enjoying the channel! I'll add your suggestion to the list :)
@scottshafer9813
@scottshafer9813 2 жыл бұрын
Excellent news ! I’m still rocking VGRO until I can be convinced otherwise. Love the competition in this space. Thank you Justin and PWL for all you do!
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Scott Shafer - It is great to see the competition. Maybe Vanguard will launch an international/emerging markets bond ETF that holds the underlying bonds directly.
@starcraft2lotvandsomething750
@starcraft2lotvandsomething750 5 ай бұрын
MEQT & MGDV
@niranmojo
@niranmojo 2 жыл бұрын
Hello Justin@ I have 30,000 dollars coming in the from locked in pension plans - going into a LIRA. I was going to put them in the XGRO etf. Now after this video I am in two minds. I am considering MGRW - the tax efficiency and bonds in local currency. Shall I pull the trigger- McKenzie over the mighty Blackrock and Vanguard. If you say it’s a good move I won’t hesitate. Thank you
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Niran Abraham - The intl/em bonds in MGRW have such a modest weight that it's not likely to be a deciding factor. All the 80/20 asset allocation ETFs (i.e., VGRO, XGRO, ZGRO, MGRW) are great options for an investor with this risk preference, and will likely have similar returns over the long-term.
@niranmojo
@niranmojo 2 жыл бұрын
@@JustinBenderCPM Hi Justin, should I just toss a coin in deciding between XGRO vs MGRW. I don’t want to choose Mackenzie just because it’s cheaper. I want the more aggressive one. Shall I toss a coin. Thank you- hope to hear from you.
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@@niranmojo - Unfortunately, I can't make the decision for you. I would re-watch the videos and choose whichever asset allocation ETF you like the most.
@niranmojo
@niranmojo 2 жыл бұрын
@@JustinBenderCPM I hold VFV, VIU and VEE hence I dropped VGRO. I’m still waiting for my pension money to arrive. MGRW is in the lead 😊 to win,
@niranmojo
@niranmojo 2 жыл бұрын
Hi Justin Does it make sense to add VE etf to a portfolio that has VIU and VEE. Is their an overlap between VE and VIU.
@wrentube
@wrentube 2 жыл бұрын
ZGRO has Mid and Small caps for US.
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@wrentube - It does now have a small allocation to mid and small cap U.S. stocks (but not when I filmed the video).
@samvan7787
@samvan7787 2 жыл бұрын
Good comparison. Good to see SKH benefited farm this video
@JustinBenderCPM
@JustinBenderCPM 2 жыл бұрын
@Sam Van - I agree - it was very kind of Mackenzie to offer to make the donation to SickKids :)
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