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BMO Equal Weight Utilities Index ETF (ZUT)
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iShares S&P/TSX Capped Utilities Index ETF (XUT)
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Global X Canadian Utility Services High Dividend Index ETF (UTIL)
Q: Do you consider that Canadian utilities ETFs (my impression..) ,or even other ETF categories, offer a protection against future potential US taxes on foreign countries ,and in such case, which ETF would you favor ,(or a mix) ?
5i Research Answer:
If the operations/revenues of the underlying companies are primarily within Canada, then yes we woud expect limited direct tariff impact. However, if tariffs lead to a slower economy, most companies will feel some sort of impact. We think ZUT/XUT are fine for this type of utility exposure.