Q: I am a senior holding CDZ, ZLB & ZSP plus around 20 individual stocks. I am hoping to streamline my portfolio to 3 ETFs plus a few favourite stocks. I'm ok with CDZ and ZSP, but I wonder if I should switch to ZCN for much of my Canadian portion rather than ZLB. Have you a suggestion as to which would be more appropriate in my late retirement portfolio? I'm not looking for international investment nor for fixed income. Many thanks.
5i Research Answer:
Without giving personal direction, ZCN's five year return is 9.73%, or 1.18% more than ZLB. ZCN has much lower fees and a higher yield. We have no issues with ZLB, but its low-volatility approach does impact its potential returns. We would be comfortable with a switch.