Comments on: A Tour of ETFs: Vanguard FTSE All-World Ex-US ETF (VEU)

By: Exchange-Traded Funds from BMO Asset Management | Income Trust | Personal Finance | Real Estate SEO

Mon, 23 Mar 2009 22:57:53 +0000

[...] A Tour of ETFs: Vanguard FTSE All-World Ex-US ETF (VEU) [...]

By: A Tour of ETFs: Vanguard Total World Stock ETF (VT)

A Tour of ETFs: Vanguard Total World Stock ETF (VT) — Mon, 30 Jun 2008 18:01:18 +0000

[...] Like VEU, VT includes Canadian equities: Canadian investors would want to allocate more to our local market than the roughly 3% weighting in VT and this fund faces all the same issues that make VEU unattractive for Canadian residents. [...]

By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com

A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com — Thu, 12 Jun 2008 18:52:52 +0000

[...] Canadian Capitalist takes a small tour of some ETFs from Vanguard that can be used for global [...]

By: Canadian Capitalist

Canadian Capitalist — Thu, 05 Jun 2008 20:38:53 +0000

Hippopottoman: Thanks for the catch. You’re right, of course. I’ll correct it right away.

By: Hippopottoman

Hippopottoman — Thu, 05 Jun 2008 20:12:38 +0000

Mr. Capitalist, I enjoyed this post very much – thank-you.

Unfortunately, I think there’s a typo. I think the sentence
“In addition, VEU’s MER of 0.25% is almost twice as expensive as a combined holding in VEU and VWO.” should end with “holding in VEA and VWO. ” – darn those similar ticker symbols.

By: Books and Magazines Blog » Archive » Comment on A Tour of ETFs: Vanguard FTSE All-World Ex-US ETF (VEU …

Fri, 30 May 2008 09:59:38 +0000

[...] Original post by Another Giveaway, Cheap Books and Weekend Reading – May 30, 2008 | Million Dollar Journey [...]

By: Another Giveaway, Cheap Books and Weekend Reading - May 30, 2008 | Million Dollar Journey

Fri, 30 May 2008 09:31:02 +0000

[...] Capitalist describes and explains the Vanguard ETF VEU. I’m showing more interest in ETF’s these days as it’s a great way to diversify [...]

By: Canadian Capitalist

Canadian Capitalist — Tue, 20 May 2008 17:29:30 +0000

asdfasdf: You can find plenty of discussion of XIN and XSP elsewhere on the blog.

http://www.canadiancapitalist.com/?s=xin
http://www.canadiancapitalist.com/?s=xsp

By: asdfasdf

asdfasdf — Tue, 20 May 2008 16:56:09 +0000

That’s a fair point too however I was trying to get at something else. I was implicitly comparing VEU to something like XIN or say the TD e-series international fund which are in CAD and just pointing out that there are extra costs in buying USD ETFs for Canadians. Unfortunately we don’t seem to have anything quite like VEU in CAD and so it is one of our best choices, though it could be better. I didn’t realize until just looking it up that XIN doesn’t have the emerging markets component, so it’s all a bit of a moot point (plus XIN has a 0.49% MER every year which doesn’t take long to become more expensive than VEU).

By: Canadian Capitalist

Canadian Capitalist — Tue, 20 May 2008 14:37:04 +0000

cash instinct: You’re right about the dividend tax credit. In fact, a withholding tax will be charged by Canada on the dividends as VEU is domiciled in the US. If we assume a total tax loss of 25% on the Canadian dividends portion, it adds another .0275% (5.5% in Canadian stocks * 2% dividend yield * 25% tax leakage) to the expenses. Thanks for pointing this out.

asd: I didn’t initially understand your comment as VEA+VWO is the alternative to VEU. But thinking it over, I think you meant that a Canadian investor pays for the currency conversion for the Canadian portion of VEU. Good point. That’s another 1% on the 5.5% Canadian portion when buying and 1% when selling.