Modern day ETFs offer a world of choice & styles

Not long ago, investors seeking to replicate equity index returns on a low cost basis only had a handful of options including SPDRs (State Street Global Advisors S&P500 depository receipts), a collection of WEB offerings (MSCI World Equity Benchmark Series country index securities), or perhaps even owned Canada’s own TIPs (Toronto 35 Index Participation Units). Exchange Traded Funds (ETFs) have come a long way since the early 90’s. The original TIPs 35 security held 35 Toronto Stock Exchange listed equities (tracking the original TSE 35 Composite Index), and with an MER of just 5 bps (0.05%) provided economical diversification to Canadian large cap stocks. The introduction of TIPS in 1990 helped propel the development of a market that now exceeds $85 billion in domestic ETF assets and over $2.9 trillion globally [ETF Trends – March 10, 2015 (ETF assets as of February 2015)].

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Portfolio construction and asset allocation considerations

When constructing a portfolio, the retail investor needs to take into consideration many different factors and priorities. Time horizon and tax considerations are two key aspects. Time horizon and tax considerations are two key aspects. After all, you should likely not be considering equity investments if you require your capital back in a very short period of time or are highly risk adverse. And the higher your net income the more tax you will pay on investment income and the more diligent you should be towards what is held in your portfolio.

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Investor “swims upstream”

Portland Holdings owns plenty of big-ticket items — including resorts, TV stations, a bank and numerous financial services providers. He says he loves the challenges of working in what he calls the world’s most dynamic industry — investing — but loves the generosity that money affords him even more.

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Burlington: Access 2014

BURLINGTON: ACCESS 2014
The mutual fund guru told a select audience of business people and other folks with money to invest Tuesday evening that following five simple rules can help them turn modest wealth into the kind others envy.

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