8.9%
By Gordon Pape
The markets continued to rebound over the summer, despite the pandemic and the deep recession it has induced. The result was a sizeable gain for our TFSA Global Portfolio.
This portfolio was launched in March 2012 and was specifically designed to provide global exposure for growth-oriented Tax-Free Savings Accounts. This is done through 100% exposure to domestic and international ETFs. That means you should only track this portfolio if you are willing to accept stock market risk, although the use of ETFs provides a high degree of diversification. Our target is an average annual return in the 8-10% range.
Here’s a look at how our ETFs have performed since the last update on May 28. Results are as of the close on Oct. 22.
Notes on the securities
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IWB Global TFSA Portfolio (a/o Oct. 22/20)
Here’s a look at how the portfolio stood at the end of trading on Oct. 22. The Canadian and U.S. dollars are treated at par, and commissions are not considered. The percentage in the Gain/Loss column represents the cumulative return since the portfolio was launched or since the security was added. The initial book value was $20,002.30.
Security |
Weight % |
Total |
Average |
Book |
Current |
Market |
Retained |
Gain/ |
| XIC |
15.5 |
240 |
$20.13 |
$4,831.35 |
$25.86 |
$6,206.40 |
$421.98 |
+37.2 |
| XCS |
5.8 |
160 |
$16.09 |
$2,575.05 |
$14.42 |
$2,307.20 |
$67.22 |
– 7.8 |
| XSU |
14.8 |
180 |
$17.96 |
$3,297.80 |
$33.03 |
$5,945.40 |
$178.56 |
+85.7 |
| XSP |
20.5 |
220 |
$17.06 |
$3,752.70 |
$37.39 |
$8,225.80 |
$256.16 |
+126.0 |
| ZQQ |
30.7 |
145 |
$21.44 |
$3,208.90 |
$85.03 |
$12,329.35 |
$176.76 |
+289.7 |
| XIN |
7.3 |
120 |
$20.33 |
$2,439.65 |
$24.54 |
$2,944.80 |
$76.09 |
+23.8 |
| FM |
2.4 |
35 |
$35.09 |
$1,228.30 |
$26.99 |
$944.65 |
$139.22 |
-11.8 |
| EEM |
2.9 |
25 |
$41.57 |
$1,039.25 |
$46.05 |
$1,151.25 |
$139.33 |
+24.2 |
| Cash |
0.1 |
$39.52 |
$50.72 |
+86.8 |
||||
| Total |
100.0 |
$22,265.02 |
$40,105.57 |
$1,455.32 |
|
|||
| Inception |
$20,002.30 |
+107.8 |
Comments: This was one of the best periods this portfolio has ever had. Every ETF gained at least some ground and the end result was an advance of 14% since the time our last review.
Since inception, the portfolio has gained 107.8%, which works out to a compound annual growth rate of 8.88%. That’s about the mid-point of our target range.
Changes:
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