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iShares S&P/TSX Capped Financials Index ETF (XFN)
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Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK)
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BMO Covered Call US Banks ETF (ZWK)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX)
Q: In my accounts I hold the above. Would you please rank them for their expected total return over the next 1-3 years. Also with respect to each holding, if applicable, would you please give me a subsitute that you "prefer" or suggest might perform better in the same space.
Thanks,
Terry
Thanks,
Terry
5i Research Answer:
In order of preference (ranked highest to lowest), we like: BANK, HMAX, ZWK.
While we think covered call ETFs can be beneficial for investors seeking income, we generally prefer unhedged, plain (vanilla) ETFs that simply hold the underlying assets.
For BANK and HMAX, we would prefer XFN.
For ZWK we would prefer KBWB.