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  5. BN: I originally submitted this question back on Sept 17 but never received a response so I'll try again. [Brookfield Corporation Class A Limited Voting Shares]
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Investment Q&A

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Q: I originally submitted this question back on Sept 17 but never received a response so I'll try again. I was wondering if you could provide some investment ideas/suggestions for ongoing contributions to a FHSA, as contribution room becomes available each year. Looking for "reasonable" growth without "excessive" risk over the 15 years of the plan. I am thinking of investing 50% of the yearly $8000 allowable contribution to a CAD-denominated S&P500 ETF and wondered which one you would suggest? Or, would you recommend something else? What is your opinion of XQLT - the iShares MSCI USA Quality Factor Index ETF as compared to an S&P500 ETF? For the other 50% of the yearly contributions I was wondering which two TSX stocks and which two CDR's you would suggest for annual contributions until the $40k plan maximum is achieved in 5 years? Thanks.
Asked by Bruce on September 23, 2024
5i Research Answer:

Sorry about that; we have a record of the original question in email backup, but for some reason it had left our queue of questions. We would be quite fine leaning to a C$ S&P 500 ETF and would suggest VFV. For stocks, we would suggest BN, TRI, LLY and BRK.B. These we think are growth-focused but with less volatility than some sectors and high-growth companies. We would be very comfortable parking money in these for a very long holding period. We do not have any particular issues with XQLT. However, it is smaller (by far) than VFV, more expensive (0.32% vs 0.09%) and has marginally underperformed (5 years 15.62% vs 15.70%). We would prefer VFV for liquidity. 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.

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