I noticed that in the All Canadian portfolio that VEF.TO is described as a global equity ETF that does not include North American equities. However, on Vanguard Canada's site, VEF is noted as "FTSE Developed All Cap ex U.S. Index ETF", including Canadian equities within its holdings (excluding US only). VI/VIU is described as excluding North America instead.
I'm a little confused....What is meant to be in the all Canadian portfolio? VEF or something else?