Many Canadians likely have a home country bias regarding their investments, meaning they have too much of their portfolios allocated to Canada.
Our country doesn’t have a large enough economy. It relies too much on fossil fuel and commodity production to be exclusively invested in.
But, because we spend and earn our money in Canadian dollars, many investors may find swapping their CAD for USD inconvenient to buy US stocks or ETFs.
So, many fund managers have developed Canadian-traded S&P 500 ETFs, allowing for exposure south of the border without exchanging currency. These ETFs trade on the Toronto Stock Exchange, which adds to their convenience for Canadian investors.
With all that said, let’s get to some of Canada’s top S&P 500 ETFs today.
What are the best Canadian S&P 500 ETFs to buy?
The Vanguard S&P 500 Index ETF (TSE:VSP) is essentially the same as VFV because it holds Vanguard’s US S&P 500 ETF in VOO. Both funds started trading…
