Q: What are your thoughts on this etf.
Yield is high as are the mgt fees. I think the beta would be low and the investments relatively safe
Yield is high as are the mgt fees. I think the beta would be low and the investments relatively safe
5i Research Answer:
While we are OK with the concept of owning a basket of preferred shares in split-share companies, this ETF is still only $11M in assets and we would prefer it to be much bigger before recommending. As it grows fees should also decline a big as admin. costs can be absorbed by more outstanding units.