Investment Q&A

• Williams-Sonoma Inc. (DE) (WSM $183.43)
  • $183.43 P/E (TTM): 20.14X Cap: $21.41B
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Q: OUSM: Kevin O’Leary mentioned this ETF that he helped design on BNN on Friday. It covers 380 companies of the Russell 2000 Index that are profitable. It also pays a monthly distribution. What are your thoughts ?

Upvote 4

Read Answer Asked by Thomas on May 15, 2024

• BMO Covered Call Utilities ETF (ZWU $10.93)
  • $10.93 P/E (TTM): 18.74X Cap: $1.92B
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Q: Is the main purpose of a covered call ETF to increase income but have a flip side to potentially limit gain?

Upvote 3

Read Answer Asked by Steve on May 14, 2024

• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $42.53)
  • $42.53 P/E (TTM): 23.36X Cap: $7.50B
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Q: Hi

Is there a preferred account in which to hold VIU from a tax perspective?

Thanks
Robert

Upvote 3

Read Answer Asked by Robert on May 14, 2024

• Enbridge Inc. (ENB $65.34)
  • $65.34 P/E (TTM): 25.55X Cap: $143.68B
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• Fortis Inc. (FTS $69.36)
  • $69.36 P/E (TTM): 20.1X Cap: $35.18B
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• BMO Covered Call Utilities ETF (ZWU $10.93)
  • $10.93 P/E (TTM): 18.74X Cap: $1.92B
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• BCE Inc. (BCE $23.24)
  • $23.24 P/E (TTM): 4.86X Cap: $21.61B
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Q: Hi team. I have ZWU as my main utilities holding @ 11% and I also have positions in BCE and ENB on their own. ZWU has both BCE and ENB in their top 10 holdings. In your opinion am I participating in "di-worsification" by holding BCE and ENB outside of ZWU. Would you sell both BCE and ENB and fold the funds back into ZWU? I'm ok letting ZWU go to +/- 15% of my portfolio. Appreciate your thoughts. Bill.

Upvote 5

Read Answer Asked by William on May 14, 2024

• iShares Diversified Monthly Income ETF (XTR $11.66)
  • $11.66 P/E (TTM): 16.83X Cap: $363M
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• Franklin Global Core Bond Fund (FLGA $18.93)
  • $18.93 Cap: $428M
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Q: I hold both etfs in my riff and I am looking at reducing a % in one to satisfy my 2024 withdrawal for tax requirements. Would you recommend which one and reasoning? Thanx.

Upvote 1

Read Answer Asked by Steve on May 14, 2024

• iShares Core Canadian Long Term Bond Index ETF (XLB $18.61)
  • $18.61 Cap: $848M
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Q: Feels like the right time to step into long term bonds. Do you agree and what would be your maximum allocation in an income portfolio? Thanks as always.

Upvote 2

Read Answer Asked by Curtis on May 13, 2024

• Purpose US Cash Fund (PSU.U $100.15)
  • $100.15 Cap: $714M
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• BMO US Preferred Share Index ETF (ZUP.U $18.40)
  • $18.40 P/E (TTM): 2.97X Cap: $9M
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• BMO Premium Yield ETF (ZPAY.U $30.48)
  • $30.48 P/E (TTM): 27.25X Cap: $32M
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• BMO Monthly Income ETF (ZMI.U $9.97)
  • $9.97 P/E (TTM): 18.66X Cap: $80M
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• BMO Covered Call Canadian Banks ETF (ZWB.U $30.16)
  • $30.16 P/E (TTM): 11.7X Cap: $19M
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• US High Interest Savings Account Fund (HISU.U $100.17)
  • $100.17 Cap: $443M
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Q: I am looking for US dollar income in a non registered account. What is your view on zpay.u for this purpose. Are there any other etfs you would recommend as an option?

Upvote 4

Read Answer Asked by James on May 13, 2024

• Miscellaneous (MISC)
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Q: Knowing that portfolio allocations need to be very personal, but would 30% Canada, 45% US, and 25% international work as a general guideline for 60% equity portion of a new RRIF account?
Would you change the 40% fixed portion consisting of 20% 1-year GICs, and the remaining 20% of XHY, CVD, CPD, Bonds mutual fund (currently at loss)?
Thank you for such a great service.

Upvote 3

Read Answer Asked by Hali on May 13, 2024

• iShares Core MSCI All Country World ex Canada Index ETF (XAW $51.51)
  • $51.51 P/E (TTM): 20.13X Cap: $3.60B
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Q: This ETF has been recommended as a primary holding by a financial advisor. I see that it pays a small dividend. Do you know if there would be an annual capital gain/loss even if a person continues to hold? What are your comments (good and bad) about having this as part of their portfolio?

Upvote 3

Read Answer Asked by Brenda on May 13, 2024

• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $42.53)
  • $42.53 P/E (TTM): 23.36X Cap: $7.50B
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Q: Hi folks,

I hold VI but I know you prefer the unhedged version, VIU. For me to make that change, would I just sell my VI and buy VIU on the same day as I'm sure they won't move much intraday. It's in my RRSP so no tax issues.

Thanks
Robert

Upvote 2

Read Answer Asked by Robert on May 13, 2024

• iShares Canadian Value Index ETF (XCV $50.75)
  • $50.75 P/E (TTM): 11.48X Cap: $101M
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Q: Your opinions of the Mutual funds listed and suggestions of lower fee ETFs'. Much appreciated- ane

Upvote 1

Read Answer Asked by jane on May 10, 2024

Q: Is there a Canadian ETF similar to the Sprott Uranium ETF URNM which only trades in the US .

Upvote 1

Read Answer Asked by Guy R. on May 10, 2024

• BMO S&P 500 Index ETF (ZSP $103.74)
  • $103.74 P/E (TTM): 26.73X Cap: $21.18B
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• BMO S&P 500 Index ETF (ZSP.U $75.04)
  • $75.04 P/E (TTM): 26.73X Cap: $2.38B
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Q: Presumably ZSP and ZSP.U are identical except for the currency. Does ZSP.U also pay its distributions in USD? I currently own ZSP. Do you if it is possible to directly convert ZSP to ZSP.U or do I have to through the process of selling ZSP, converting the cash to USD and then buying in ZSP.U using USD? Thanks as always. Your service is great.

Upvote 4

Read Answer Asked by Andre on May 10, 2024

• iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO $18.50)
  • $18.50 Cap: $783M
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• iShares Core Canadian Universe Bond Index ETF (XBB $28.11)
  • $28.11 Cap: $8.82B
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• iShares Core S&P/TSX Capped Composite Index ETF (XIC $50.04)
  • $50.04 P/E (TTM): 20.73X Cap: $21.19B
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• iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.65)
  • $16.65 Cap: $947M
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• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $42.53)
  • $42.53 P/E (TTM): 23.36X Cap: $7.50B
  • View VIU Profile
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• Vanguard S&P 500 ETF (VOO $628.59)
  • $628.59 P/E (TTM): 27.51X Cap: $759.24B
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Q: Hoping you could suggest an ETF portfolio for an RRSP account with a minimum 12 years until withdrawals are made. The account is starting from scratch.
Thanks

Upvote 5

Read Answer Asked by Curtis on May 10, 2024

• Global X S&P 500 Index Corporate Class ETF (HXS $97.62)
  • $97.62 Cap: $5.69B
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• Vanguard S&P 500 Index ETF (VFV $168.32)
  • $168.32 P/E (TTM): 27.07X Cap: $27.62B
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Q: Do you prefer HXS or VFV for a FHSA with a timeline of 3-5 years? and what would be your reasoning?

Upvote 4

Read Answer Asked by Kaycee on May 10, 2024

• iShares S&P/TSX Capped Financials Index ETF (XFN $76.92)
  • $76.92 P/E (TTM): 11.82X Cap: $1.95B
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• BMO Equal Weight Utilities Index ETF (ZUT $25.10)
  • $25.10 P/E (TTM): 18.29X Cap: $820M
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Q: I've got 5 years left before retirement, and I want to slowly roll my RRSP from equities to etf's over the 5 years. This year I'd like to buy a few that will have growth over the coming 5 years, thinking of beaten-up sectors like telco's and banks - do you think they have a runway for a 5-year plus hold (also thinking they have a good dividend, jumping in now), and what which etf's would you suggest if you agree with these sectors, or in other sectors. Thanks!

Upvote 5

Read Answer Asked by Kim on May 09, 2024

• Hamilton Enhanced U.S. Covered Call ETF (HYLD.U $15.83)
  • $15.83 P/E (TTM): 28.36X Cap: $74M
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Q: In my taxed investment account I’m looking to increase my USD monthly income. I have Canadian banks, utilities, telecoms in USD so I receive their dividends in USD’s. What do you think about adding a covered call like HYLD.u or other? (prefer to avoid withholding tax). Thx!

Upvote 4

Read Answer Asked by Dan on May 09, 2024

• BMO S&P 500 Index ETF (ZSP $103.74)
  • $103.74 P/E (TTM): 26.73X Cap: $21.18B
  • View ZSP Profile
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• BMO S&P 500 Index ETF (ZSP.U $75.04)
  • $75.04 P/E (TTM): 26.73X Cap: $2.38B
  • View ZSP.U Profile
  • View Questions on ZSP.U

Q: I've read your most recent questions on ZSP.U and you stated that this ETF was exempt from US withholding tax but it is a Canadian listed ETF so I'm not sure, could you please clarify. Also could I journal ZSP to ZSP.U. Thanks

Upvote 2

Read Answer Asked by Cheryl on May 09, 2024

• Global X S&P 500 Index Corporate Class ETF (HXS $97.62)
  • $97.62 Cap: $5.69B
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• Global X S&P/TSX 60 Index Corporate Class ETF (HXT $81.75)
  • $81.75 Cap: $4.63B
  • View HXT Profile
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• Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM $57.91)
  • $57.91 Cap: $898M
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• Global X Emerging Markets Equity Index Corporate Class ETF (HXEM $47.27)
  • $47.27 Cap: $126M
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Q: Has Horizon simply changed its name or has it sold to a new company?? The above funds are now called Global X.... If sold, can you please tell me about the new company.
Thanks!

Upvote 3

Read Answer Asked by Grant on May 09, 2024

• Invesco S&P 500 Equal Weight ETF (RSP $191.38)
  • $191.38 P/E (TTM): 21.96X Cap: $74.63B
  • View RSP Profile
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• Invesco S&P 500 Equal Weight Index ETF (EQL $40.15)
  • $40.15 P/E (TTM): 21.76X Cap: $1.41B
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• Topicus.com Inc. (TOI $120.57)
  • $120.57 P/E (TTM): 1038.15X Cap: $10.25B
  • View TOI Profile
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Q: Hello,
The announcement today of Topicus's CEO taking on additional roles have any longer term impact? Also, the shares are not moving much after the results. What is your overall view? You had recommended RSP as the symbol for equal weight ETF tracking 500 companies in US (to diversify from SPY which has lots of tech exposure). Is there a cdn equivalent for RSP. i cannot seem to find one. thanks very much

Upvote 7

Read Answer Asked by umedali on May 09, 2024