Looking for some help re: International ETFs available for Canadian investors. I moved from Canada to the US before I got into index investing, so I'm not super familiar with products available north of the border.
A member of my family has a legal financial responsibility to help oversee the finances of someone they are close to.
When they were given this responsibility, they changed advisers because the previous firm charged a management fee between 2-3% (which I think is not far from theft). They are not comfortable with the additional legal liability that would come with DIY'ing this portfolio (reasonably, I think).
They sent me a list of ETFs the new adviser sent them for a portion of the portfolio and asked for my thoughts on the products. They all seemed to be US and International products, so my guess is that the purpose here is to diversify to international markets. I wasn't a huge fan of the list as many were active funds and / or specific sector bets (e.g. US Healthcare). It might be because I'm DIY with my own finances, but I much prefer passive, broad, low cost products.
If they lived in the US, I know products that I would recommend, but I was hoping that I could get some input from the community here re: good choices in Canada for international exposure.
Of the options given, I think the most attractive was a BMO hedged ETF that tracks the SP500 (ZUE). I think that you can't go too wrong with a low cost SP500 index. But, I'm not sure what the difference between hedged and unhedged is (I think it's something re: exchange rate protection). And while I don't mind the argument that the SP500 has faux international diversification because the companies have lots of global sales, I personally diversify globally in my own portfolio.
None of the options seemed to be as broad as the iShares (XAW) recommended by the Canadian Couch Potato (which includes global stocks minus Canadian stocks). This seems like a good bet, but it wasn't in the options provided by the adviser (although there were other iShares products).
They also didn't recommend any Vangaurd ETFs (like VUN or VUS). I don't know if the adviser has access to Vangaurd products but I suggested asking.
I know that there have been some good discussions on here about financial products from a Canadian perspective. Does anyone feel comfortable sharing mutual funds or ETFs they use to get international exposure? I'd also appreciate any advice on hedged vs. unhedged. Or even dealing with choosing lower cost passive products when dealing with advisers (as I manage my own simple 3 fund portfolio myself).
Thanks