Q: For a non -registered account what would be safer for longer hold and dividend ZMI or CT REIT ?
5i Research Answer:
While not a 1-to-1 comparison, we would say ZMI because it is more diversified. ZMI also has a 60/35 split between equities and fixed income, so there is added 'safety' there. While it is a smaller fund at $138M, we think the underlying holdings of other larger BMO ETFs makes it a viable option. ZMI has also had a very consistent distribution and one would have less company specific factors to worry about vs holding CRT.UN.