VGRO: This All-in-One ETF Is Up 32% Since Inception More on: Image source: Getty Images Investing in an exchange-traded fund or ETF is always beneficial to investors. An ETF provides you with enough diversification and lowers your risk significantly. Here, you gain exposure to a basket of stocks across multiple sectors. One Canadian ETF you can consider is the Vanguard Growth ETF Portfolio (TSX:VGRO). This ETF is basically a fund of funds as each unit of VGRO consists of several other ETF holdings. This ETF aims to generate long-term returns by investing in equity and fixed-income securities. Under normal market conditions, the ETF will maintain a long-term strategic asset allocation where equity will account for 80% of the total portfolio and the rest will be invested in fixed-income instruments. The underlying funds will be index funds that provide exposure to broad-based equity and fixed income markets.