The Fund seeks to provide long-term capital growth by investing primarily in one or more exchange-traded funds managed by BlackRock Canada or an affiliate that provide exposure to equity and/or fixed income securities.
www.blackrock.com
Basically buying a portfolio of ETFs. If so how is it treated for tax if bonds are included?
Why XGRO?
1. A simple and efficient way to gain exposure to a portfolio of ETFs that is broadly diversified by asset class and across regions, in one convenient package. The portfolio targets a strategic asset allocation of 80% equity and 20% fixed income.
2. Continuously monitored and automatically rebalanced, as needed, in order to maintain asset class target weights.
3. A low cost fee structure that allows investors to keep more of what they earn. Management fee of 0.18% includes all underlying ETF management fees.
INVESTMENT OBJECTIVE
The Fund seeks to provide long-term capital growth by investing primarily in one or more exchange-traded funds managed by BlackRock Canada or an affiliate that provide exposure to equity and/or fixed income securities.