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iShares Core Canadian Long Term Bond Index ETF (XLB)
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Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV)
Q: Good day team, I’m looking to purchase both XLB and HDIV. Which accounts would be best suited for these ETFs?
5i Research Answer:
XLB (we are assuming Canadian XLB) is best held in an RRSP due to the interest income from the ETF. HDIV is likely best in a non-registered account, with a combination of some Canadian dividends and capital gains from call option premiums.