[ChrisR]

Okay, we know that there are quite a few Canadian ETFs springing up, and that some of them only hold one or a few American ETFs.

Some examples include:
XSP - which holds 97.5% IVV (provided by the same company, iShares)
CWO - which holds 100% VWO (the ETF held comes from a different company)

My question is whether or not the MER of the held ETF is included in the MER of the Canadian ETF.

For the iShares ETFs (like XSP) the answer seems clear. The website overview clearly states that the MER of 0.24% is the sum of 0.09% paid to IVV and 0.15% paid to XSP.

Does anyone know if this is true of ETFs provided by other companies? Especially those that are holding the ETFs of their competitors?
Does the 0.65% MER of CWO include the 0.25% MER of VWO, or is it additional? I've scoured the information sheets from Claymore (and some other companies) and I can't find any info.

 

[leslie]

Half a percent is not going to matter either way. 'Financial advisors' have led everyone to obsess over the procedural stuff, because that is all they know about. WHAT you invest in if faaaar more important. The half percent will disappear in one hour's trading.

 

[CanadianCapitalist]

Does anyone know if this is true of ETFs provided by other companies? Especially those that are holding the ETFs of their competitors?
Does the 0.65% MER of CWO include the 0.25% MER of VWO, or is it additional? I've scoured the information sheets from Claymore (and some other companies) and I can't find any info.

It includes the MER of VWO:

http://www.canadiancapitalist.com/claymore-broad-emerging-markets-etf-tsx-cwo/

 

[humble_pie]

trivioid: among bmo's brand-new family of etfs is ZHY, a hi-yield bond fund that owns the US etf JNK plus a canadian dollar hedge. ZHY has a mer of .65%. According to bmo this is the combined mer from both funds.

interestingly, while JNK distributes monthly & has a present yield north of 12%, bmo's ZHY will distribute quarterly. Exact amount will be announced in december. At least one bmo rep mentioned yield is roughly anticipated to be around 9%. All in all i'd rather take philadelphia.