The question of what to invest in can very often be settled with just three words: Asset allocation ETF.
TD recently announced that the management fee for its three asset allocation ETFs has dropped significantly – to 0.15 per cent from 0.25 per cent. Management fees account for the bulk of the cost of owning an ETF or mutual. The more all-encompassing management expense ratio for these funds is currently 0.28 per cent – expect it to fall to somewhere around 0.18 per cent going forward.
TD says it’s able to lower the management fee for its asset allocation funds by swapping out a weighting of roughly 25 per cent in actively managed TD ETFs and replacing it with low-cost in-house index tracking funds. Index trackers already account for the majority of the portfolios for these ETFs.
France Dernières Nouvelles, France Actualités
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