Nice! Great news 
Vanguard Canada lowers fees on 11 ETFs
Looks like the ETF competition heats up in Canada a little more as Vanguard Canada lowers some of their ETF fees, as was probably expected
From the press release
VCE 0.05%, old 0.09%
VCN 0.05%, old 0.12%
VDY 0.20%, old 0.30%
VFV 0.08%, old 0.15%
VSP 0.08%, old 0.15%
VDU 0.20%, old 0.28%
VEF 0.20%, old 0.28%
VEE 0.23%, old 0.33%
VAB 0.12%, old 0.20%
VSB 0.10%, old 0.15%
VSC 0.10%, old 0.15%
From the press release
VCE 0.05%, old 0.09%
VCN 0.05%, old 0.12%
VDY 0.20%, old 0.30%
VFV 0.08%, old 0.15%
VSP 0.08%, old 0.15%
VDU 0.20%, old 0.28%
VEF 0.20%, old 0.28%
VEE 0.23%, old 0.33%
VAB 0.12%, old 0.20%
VSB 0.10%, old 0.15%
VSC 0.10%, old 0.15%
1 - 20 of 124 Posts
Go Vanguard, Go Vanguard !!!
I have no sympathy for the investors who purchased ZCN because of the lower MER. BMO (like any bank) are opportunistic scums.
Vanguard is THE ONLY low cost alternative for the individual investor.
* sip more vanguard flavored kool-aid
I have no sympathy for the investors who purchased ZCN because of the lower MER. BMO (like any bank) are opportunistic scums.
Vanguard is THE ONLY low cost alternative for the individual investor.
* sip more vanguard flavored kool-aid
Nice. Thanks for posting. Just so happens that I bought more VDY last week and more VEF today.
Too bad they didn't lower their fees for VUN, but I guess the Vanguard folks have to do what they think needs to be done to remain competitive...
Sweet.
VCE vs XIC vs VCN, which one would you hold?
VCE vs XIC vs VCN, which one would you hold?
What I don't understand is why VCN's yield is the lowest of the three ETFs that hold the same baskets of stocks - here're the latest prices and yields:Go Vanguard, Go Vanguard !!!
I have no sympathy for the investors who purchased ZCN because of the lower MER. BMO (like any bank) are opportunistic scums.
Vanguard is THE ONLY low cost alternative for the individual investor.
* sip more vanguard flavored kool-aid
VCN $29.35 1.6%
XIC $23.06 2.43%
ZCN $19.69 2.59%
We don't own any at the moment, but will probably just buy ZLB (despite its higher MER and lower yield) Have been watching them for a while, ZLB is definitely less volatile, and we already have some individual stocks (financials and oil) that it doesn't have, so looks like a better fit for our portfolio...
Wow. Someone remind me again why anyone puts money into mutual funds?
wondering why folks are so ecstatic?
the ETF vendor has gone to indexation, is all. It's the big vogue in the ETF industry.
it means drop the stocks. Stocks have all those irritating costs like custodial fees that get charged every time an index "re-balancing" is carried out. Stocks also have those unpleasant commissions to buy & sell as part of a re-balancing exercise.
what a drag. Stocks are so yesterday. So awkward. So expensive to administer. Eeeeuw.
go hold an index instead. Find some index being run by a twenty-something with a head full of algos.
there's a thread nearby with details on SDIV & XIC, by way of illustration. SDIV looks like it was built on an index from the get-go, whereas XIC flambuoyantly dropped its MER to one-half of one percent recently, presumably when it got index-happy.
i know i know. People do *not* want to hear that their rock-solid retirement fund equity ETFs aren't really holding any common stocks, they're holding derivative bunches of algos instead.
the ETF vendor has gone to indexation, is all. It's the big vogue in the ETF industry.
it means drop the stocks. Stocks have all those irritating costs like custodial fees that get charged every time an index "re-balancing" is carried out. Stocks also have those unpleasant commissions to buy & sell as part of a re-balancing exercise.
what a drag. Stocks are so yesterday. So awkward. So expensive to administer. Eeeeuw.
go hold an index instead. Find some index being run by a twenty-something with a head full of algos.
there's a thread nearby with details on SDIV & XIC, by way of illustration. SDIV looks like it was built on an index from the get-go, whereas XIC flambuoyantly dropped its MER to one-half of one percent recently, presumably when it got index-happy.
i know i know. People do *not* want to hear that their rock-solid retirement fund equity ETFs aren't really holding any common stocks, they're holding derivative bunches of algos instead.
^ WADR, what a bunch of nonsense.
+1Wow. Someone remind me again why anyone puts money into mutual funds?
Cdn Couch Potato recommends VCN, for what it's worth. Or is it XIC? I sold VCE in Aug. to get to VCN (tracks entire TSX, not just 70-80 stocks). Haven't bought back in yet - nice bit of market timing I know...I'm brilliant not lucky. Was tempted to sell off VTI and VXUS too...but held off. Can't be a true Couch Potato if ya market time...Sweet.
VCE vs XIC vs VCN, which one would you hold?
I believe this is because VCN has the fastest growth rate right now - it's the newest/smallest fund of the three and has the greatest proportional amount of new $ flowing into it. As new money enters the fund and new shares are created, the distributions are diluted across the new shares thus the lower yield. But, this lower distribution is also reflected as a higher share price... so it really makes no difference to the final monetary value. Canadian Couch Potato wrote an article about this at some point.What I don't understand is why VCN's yield is the lowest of the three ETFs that hold the same baskets of stocks - here're the latest prices and yields:
VCN $29.35 1.6%
XIC $23.06 2.43%
ZCN $19.69 2.59%
As VCN grows further it's yield should start to match the others.
You are on the right track.go hold an index instead. Find some index being run by a twenty-something with a head full of algos.
...
i know i know. People do *not* want to hear that their rock-solid retirement fund equity ETFs aren't really holding any common stocks, they're holding derivative bunches of algos instead.
All ETFs should simply convert to total return swaps with a counterparty and trade as ETNs.
The counter-party should be a secure, well capitalized, tax-payer backed institution such as umm...for example, AIG or Deutsche Bank.
What could go wrong?
... -1 :biggrin:
Holy cow, XIC was not an index fund prior to the fee drop? Is that true?wondering why folks are so ecstatic?
the ETF vendor has gone to indexation, is all. It's the big vogue in the ETF industry.
it means drop the stocks. Stocks have all those irritating costs like custodial fees that get charged every time an index "re-balancing" is carried out. Stocks also have those unpleasant commissions to buy & sell as part of a re-balancing exercise.
what a drag. Stocks are so yesterday. So awkward. So expensive to administer. Eeeeuw.
go hold an index instead. Find some index being run by a twenty-something with a head full of algos.
there's a thread nearby with details on SDIV & XIC, by way of illustration. SDIV looks like it was built on an index from the get-go, whereas XIC flambuoyantly dropped its MER to one-half of one percent recently, presumably when it got index-happy.
i know i know. People do *not* want to hear that their rock-solid retirement fund equity ETFs aren't really holding any common stocks, they're holding derivative bunches of algos instead.
XIC does not hold stock, but instead is a derivative ? Is that true?
This is not my understanding. Can you have specifics on these assertions?
^ WADR, what a bunch of nonsense.
wadr bunch of nonsense is an oxymoron
gold u can write better than this :biggrin:
You are on the right track.
All ETFs should simply convert to total return swaps with a counterparty and trade as ETNs.
The counter-party should be a secure, well capitalized, tax-payer backed institution such as umm...for example, AIG or Deutsche Bank.
What could go wrong?
yes i do believe i'm on the right track.
but i'm used to the flaming by now. I mean, this is the 3rd revolutionary idea i've introduced to this forum. Each time there was ugly, furious, incendiary flaming at first.
but each time, within a few years thousands of investors eventually learned to benefit. Take the concept that all the brokers are charging FX fees upon all of the dividends from about 20 big important companies that pay USD divvies.
when i introduced that idea a few years ago, the only people in cmf forum who believed me were haroldCrump, toronto.gal & kcowan.
CC & i would occasionally exchange pmms about how difficult it was going to be to teach people about this fairly substantial ripooff that the brokers were conducting.
but flash forward a few years & now the big green reps tell me that they have hundreds of investor clients phoning them to request journalling of the 20 canadian stocks over to USD account, to avoid the broker FX fee on the dividends. Whereas 3-4 years ago one could not find a broker licensed representative who had even heard of the issue, today it's commonplace. Today the broker reps know to cooperate very gladly.
so now i'm starting on the research that increasing numbers of ETF vendors are selling, not actual collections of bona fide exchange-traded stocks that in the aggregate form an index, but rather they are selling cheap derivatives of such index, which their prospectuses allow them to do.
1 - 20 of 124 Posts
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