The 2024 Globe and Mail ETF Buyers Guide, Part Three

After a surge of almost 30 per cent for the S&P 500 Index over the past 12 months, many diversified portfolios will almost certainly be overweighted in the U.S. market. If you own U.S. stocks or equity funds, some portfolio rebalancing is probably in order. If you have little or no U.S. exposure, get it.

Let’s look for answers in the blend of investments used for asset allocation ETFs, all-in-one diversified portfolios that will be covered in the sixth segment of this guide. Asset allocation ETFs with a balanced 60-40 mix of stocks and bonds typically have about 27 per cent of their total assets in U.S. stocks. The rest of the portfolio goes something like this: 15 to 18 per cent Canadian stocks, 12 per cent international stocks and 3 to 4 per cent emerging markets.

The ETFs covered here typically track the S&P 500 or a similar index of larger companies. Nasdaq funds are not included because they are even more tech-focused than the S&P 500.

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