Looking to build a diversified portfolio with your favourite stock selections? Many exchange-traded funds (ETFs) can provide you with broad market exposure, while Canadian depositary receipts (CDRs) let you target ownership of specific global stocks - all in Canadian dollars. By blending these two options, investors can achieve an ideal mix of broad market exposure and precise stock choices. In this article, we dive into how ETFs and CDRs can complement each other to enhance your portfolio strategy. Learn how to set financial goals, manage risk, choose the right account and use ETFs to stay diversified while keeping investing simple.
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