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iShares Canadian Select Dividend Index ETF (XDV)
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iShares S&P/TSX Composite High Dividend Index ETF (XEI)
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Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY)
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iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV)
Q: I am thinking about moving some of my portfolio to ETF's, and when I looked at CDZ holdings, I was surprised to see FSZ as their top holding - a stock you have recently seen as a sell. Do you have any suggestions for a Canadian ETF that is more about great companies with a growing Dividend and not so heavy in Financials and Telcos? Thank You!
5i Research Answer:
We had a very tough time with this assignment. XDIV has very little telco at 7% but lots of insurance and banks at 41%. XDV is 52% financials and 6.6% telcos. VDY is 54% financials and 6% telcos. ZDV is 39% financials and 9% telcos. XEI is 29% financials and 9.5% telcos.