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Canoe EIT Income Fund (EIT.UN)
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iShares MSCI USA Quality Factor Index ETF (XQLT)
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Fidelity All In One Growth ETF (FGRO)
Q: In the growth portion of my RRIF i like the above three ETFs. Do you see any issues with any of these? Is there much overlap? Other stocks and ETFs focus on dividends, although Canoe is included in that group. Thanks.
5i Research Answer:
While there is some, we would not see a worrying amount of overlap here, and think all could be held. All have performed well, with five-year returns at 15.5% for XQLT, 9.31% for FGRO (3-year, with bonds dragging performance vs the others) and 17.63% for EIT.