The Globe and Mail reports in its Saturday edition that the Fidelity All-in-One Balanced ETF (FBAL) is actively managed and holds a small (2-per-cent) allocation in cryptocurrencies balanced portfolio, making it a somewhat exotic balanced exchange-traded fund. Globe columnist Norman Rothery writes that its annual management expense ratio (MER) is a bit higher than other Canadian balanced ETFs at 0.41 per cent, but FBAL outperformed over the past five years with average annual returns of 10.4 per cent. It began life after the stock-market crash of 2020, but its recent volatility is similar to the other balanced ETFs and it performed better during the bond bust. Mr. Rothery says that while balanced ETFs are grand, some investors prefer to lean more heavily toward stocks in an effort to boost their returns while taking on greater risk. They might appreciate the growth versions of the balanced ETFs, which are shown in the table. They invest in similar underlying assets while putting about 80 per cent of their money in stocks and 20 per cent in bonds.