Grandparents: Use These ETF for the Grandkids’ College Fund

iShares Core MSCI EAFE ETF (NYSEArca: IEFA)

Annual Fee: 0.14%

Comment: Again remembering that the objective of this portfolio is asset-building over an extended time period, it is essential to weave some international exposure into the mix. IEFA, one of the lower fee developed market options on the market today, does that.

As part of its so-called Core suite of ETFs, IEFA is considered a suitable “core” portfolio holding for access to developed markets outside of North America, which include developed Europe, Australasia and Far East, or EAFE. The ETF tracks the MSCI EAFE Investable Market Index and is exposed to a portfolio of 2,476 stock components.