Investment Q&A

• Evolve NASDAQ Technology Index Fund (QQQT $41.89)
  • $41.89 P/E (TTM): 37.34X Cap: $110M
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Q: I have been investigating a fairly new ETF, namely QQQT from Evolve. It seems to provide good representation of most of the magnificent seven as well as several others. Your thoughts on the management fee (0.25%) and whether you would prefer the hedged or non-hedged product.

Upvote 5

Read Answer Asked by Theodore on November 24, 2023

• BMO Low Volatility US Equity ETF (ZLU $60.69)
  • $60.69 P/E (TTM): 21.25X Cap: $2.27B
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• BMO Low Volatility US Equity ETF (ZLU.U $45.39)
  • $45.39 P/E (TTM): 21.25X Cap: $100M
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• iShares Core S&P/TSX Capped Composite Index ETF (XIC $54.54)
  • $54.54 P/E (TTM): 18.19X Cap: $28.38B
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• Vanguard S&P 500 Index ETF (VFV $170.75)
  • $170.75 P/E (TTM): 26.01X Cap: $29.51B
  • View VFV Profile
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• Vanguard Growth ETF Portfolio (VGRO $44.92)
  • $44.92 P/E (TTM): 10.85X Cap: $9.47B
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Q: In my open (unregistered) account, I currently own VGRO and am looking to invest some funds in ETFs . What is the difference between ZLU and ZLU.U? How would your rate the above ETFs for growth over the next 5 years? Do these ETFs hold similar investments (stocks, bonds, etc)? If I invested in 2 ETFs, which ETFs would be complimentary? Can you suggest similar ETFs with better growth potential in the next 5 years? Thank you

Upvote 2

Read Answer Asked by Don on November 24, 2023

• Sprott Physical Gold Trust Unit (PHYS $36.36)
  • $36.36 P/E (TTM): 24.9X Cap: $14.79B
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Q: Hi, my question is which etf to buy in the Sprott precious metal group? I’m selling my bullion and buying a etf. I can buy gold, gold and silver, platinum and palladium or uranium.
My plan was to just buy gold ( phys), but I see I have other choices. What would be your suggestion for a 4-5 minimum year hold?
Thanks

Upvote 4

Read Answer Asked by Brad on November 23, 2023

• Brookfield Infrastructure Partners L.P. (BIP.UN $50.98)
  • $50.98 Cap: $23.57B
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• iShares Core Canadian Long Term Bond Index ETF (XLB $18.47)
  • $18.47 P/E (TTM): 8.4X Cap: $760M
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Q: RIF account looking for consistent income and some growth
Getting the feeling we are at or nearing the end of rate hikes (CDA and US). However, I'm also feeling we are in for a longer period of higher normalized (current) rates
Question: Is long term bond XLB worth holding on in the higher for longer environment? I'm contemplating a switch to equity and BIP.UN (preferring the currency diversification). Your thoughts on rates and the switch

Upvote 4

Read Answer Asked by Harry on November 23, 2023

• BMO Covered Call Utilities ETF (ZWU $11.82)
  • $11.82 P/E (TTM): 16.11X Cap: $2.10B
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• CI Tech Giants Covered Call ETF (TXF $23.39)
  • $23.39 P/E (TTM): 35.1X Cap: $734M
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• Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.20)
  • $13.20 P/E (TTM): 14.79X Cap: $1.23B
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• Hamilton Technology YIELD MAXIMIZER TM ETF (QMAX $21.47)
  • $21.47 P/E (TTM): 42.73X Cap: $785M
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Q: I am an income investor. I believe that umax and zwu are similar.

Would umax (14% yield) not be preferred to zwu at 8.2%

Same for qmax (11.8%) vs. txf at 8.3%

thank you for your comments

Upvote 9

Read Answer Asked by JACK on November 23, 2023

• iShares MSCI World Index ETF (XWD $113.49)
  • $113.49 P/E (TTM): 26.81X Cap: $1.53B
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• iShares S&P Global Industrials Index ETF(CAD-Hedged) (XGI $68.68)
  • $68.68 P/E (TTM): 27.98X Cap: $154M
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• Vanguard U.S. Dividend Appreciation Index ETF (VGG $104.77)
  • $104.77 Cap: $2.33B
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• State Street Health Care Select Sector SPDR ETF (XLV $147.69)
  • $147.69 P/E (TTM): 23.97X Cap: $38.93B
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Q: I have the above ETF's in my TFSA and am wondering if these belong in a TFSA? On reading your newsletter "Investments to hold in your TFSA" , I interpreted this to mean they do not belong in the TFSA. Am I right?
Thanks for your response.

Upvote 1

Read Answer Asked by Terry on November 23, 2023

• Canadian National Railway Company (CNR $151.60)
  • $151.60 P/E (TTM): 20.17X Cap: $94.18B
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• Canadian Pacific Kansas City Limited (CP $111.79)
  • $111.79 P/E (TTM): 24.88X Cap: $101.54B
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• iShares S&P/TSX Composite High Dividend Index ETF (XEI $36.90)
  • $36.90 P/E (TTM): 13.77X Cap: $3.67B
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Q: Good Morning 5i group. What are your thoughts for a recently retired person who has a large gain on CNR in an RRSP to sell the position tax free and buy an ETF say XEI and essentially triple the income and also diversify the portfolio further ?
Thanks for the great service, a different ETF or investment idea for consideration would be welcomed.

Upvote 4

Read Answer Asked by STEVE on November 23, 2023

• iShares U.S. Aerospace & Defense ETF (ITA $233.67)
  • $233.67 P/E (TTM): 20.14X Cap: $14.38B
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• State Street SPDR S&P Aerospace & Defense ETF (XAR $275.30)
  • $275.30 P/E (TTM): 5.09X Cap: $6.26B
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• iShares U.S. Aerospace & Defense Index ETF (XAD $103.58)
  • $103.58 P/E (TTM): 18.9X Cap: $182M
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Q: Hi. I'm looking at enhancing the defense portion of my portfolio and I'd like your thoughts on XAD. Or would I be better going with XAR or ITA?

Thank you.

Upvote 2

Read Answer Asked by Marc on November 23, 2023

• Brompton Enhanced Multi-Asset Income ETF (BMAX $14.75)
  • $14.75 P/E (TTM): 20.61X Cap: $147M
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• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $16.62)
  • $16.62 P/E (TTM): 16.66X Cap: $2.19B
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• Hamilton U.S. Bond YIELD MAXIMIZER TM ETF (HBND $12.42)
  • $12.42 Cap: $169M
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• Harvest Premium Yield Treasury ETF (HPYT $8.21)
  • $8.21 Cap: $373M
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Q: RE these 3 investment companies, which do you think is the best to invest in for high yield and modest growth: Harvest funds, Hamilton funds, Brompton funds. Thanks

Upvote 8

Read Answer Asked by george on November 23, 2023

• Invesco CurrencyShares Japanese Yen Trust (FXY $57.72)
  • $57.72 P/E (TTM): 8.43X Cap: $468M
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Q: If I believe Japanese yen will bottom out in near future, could you suggest some financial instruments for investors to take advantage of this scenario?

Upvote 2

Read Answer Asked by David on November 23, 2023

• iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ $63.87)
  • $63.87 P/E (TTM): 32.77X Cap: $4.64B
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• iShares S&P/TSX Capped Information Technology Index ETF (XIT $72.10)
  • $72.10 P/E (TTM): 54.87X Cap: $721M
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• Invesco NASDAQ 100 Index ETF (QQC $42.59)
  • $42.59 P/E (TTM): 32.84X Cap: $1.52B
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• Purpose High Interest Savings Fund (PSA $50.06)
  • $50.06 Cap: $3.10B
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• Vanguard S&P 500 Index ETF (VFV $170.75)
  • $170.75 P/E (TTM): 26.01X Cap: $29.51B
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• Vanguard S&P 500 ETF (VOO $642.56)
  • $642.56 P/E (TTM): 26.2X Cap: $891.75B
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• INVESCO QQQ Trust (QQQ $635.09)
  • $635.09 P/E (TTM): 33.2X Cap: $406.20B
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• Vanguard Information Technology ETF (VGT $780.26)
  • $780.26 P/E (TTM): 36.76X Cap: $113.39B
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• TD Global Technology Leaders Index ETF (TEC $53.46)
  • $53.46 P/E (TTM): 31.1X Cap: $3.43B
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• Global X Cash Maximizer Corporate Class ETF (HSAV $118.49)
  • $118.49 Cap: $1.93B
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Q: Could you please suggest a mirror ETFs from the listing below in Canadian dollar?

VOO
VGT
QQQ
PSA

thanks,

Upvote 4

Read Answer Asked by Shi on November 23, 2023

• BMO MSCI Emerging Markets Index ETF (ZEM $30.47)
  • $30.47 P/E (TTM): 5.76X Cap: $3.16B
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• Vanguard FTSE Emerging Markets All Cap Index ETF (VEE $47.97)
  • $47.97 P/E (TTM): 6.04X Cap: $3.93B
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Q: Can you please compare the following ETFs: ZEM vs VEE. In the past you had commented that ZEM may be more tax efficient because most stocks are held direct. Which ETF has the most exposure to China?
Thanks!

Upvote 3

Read Answer Asked by Grant on November 22, 2023

• iShares 20+ Year Treasury Bond ETF (TLT $86.83)
  • $86.83 Cap: $42.39B
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• Vanguard Long-Term Government Bond ETF (VGLT $55.50)
  • $55.50 Cap: $11.33B
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• Evolve Enhanced Yield Bond Fund (BOND $16.83)
  • $16.83 Cap: $149M
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Q: Thoughts on this new high yielding bond fund? Thanx.

Upvote 4

Read Answer Asked by Steve on November 22, 2023

• Vanguard S&P 500 Index ETF (VFV $170.75)
  • $170.75 P/E (TTM): 26.01X Cap: $29.51B
  • View VFV Profile
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• Vanguard Growth ETF Portfolio (VGRO $44.92)
  • $44.92 P/E (TTM): 10.85X Cap: $9.47B
  • View VGRO Profile
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Q: Age 25. Recently deposited a large sum into a new TFSA. Looking to purchase VRGO and VFV. Is this a wise decision and how should they be purchased? Expand purchases over, say 1 year?

Upvote 4

Read Answer Asked by Shawn on November 22, 2023

• Mawer Balanced Fund Series A (MAW104 $39.52)
  • $39.52 P/E (TTM): 17.4X Cap: $4.90B
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• Vanguard Balanced ETF Portfolio (VBAL $38.06)
  • $38.06 P/E (TTM): 6.89X Cap: $5.07B
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Q: Peter; Can you compare returns of the above two and which would be your preference? Thanks.
Rod

Upvote 2

Read Answer Asked by Rodney on November 22, 2023

• BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE $21.25)
  • $21.25 P/E (TTM): 49.04X Cap: $766M
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• BMO Europe High Dividend Covered Call ETF (ZWP $20.51)
  • $20.51 P/E (TTM): 49.04X Cap: $1.10B
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Q: Which would you prefer for a 2 to 3 year hold for income in a tfsa?

Upvote 5

Read Answer Asked by Steve on November 21, 2023

• KKR & Co. Inc. (KKR $104.37)
  • $104.37 P/E (TTM): 41.94X Cap: $89.53B
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• BMO International Dividend ETF (ZDI $31.26)
  • $31.26 P/E (TTM): 18.13X Cap: $843M
  • View ZDI Profile
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• Berkshire Hathaway Inc. (BRK.B $476.11)
  • $476.11 P/E (TTM): 15.49X Cap: $1.03T
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Q: Hi

Presently own ZDI in our RRSP.

I am thinking of replacing ZDI with KKR & BRK.B.

KKR and BRK.B are bigger and are like an ETF without the fees.

Also in the long run I think KKR and BRK.B it will have better growth than ZDI .

We would be giving up a good dividend with ZDI go.

Thank you.

Mike

Upvote 1

Read Answer Asked by Mike on November 21, 2023

• State Street Blackstone Senior Loan ETF (SRLN $40.34)
  • $40.34 Cap: $4.80B
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Q: I just came across this quote within an Economist article:

“If you can earn 12%, maybe 13%, on a really good day in senior secured bank debt, what else do you want to do in life?” Steve Schwarzman, boss of Blackstone, a private-investment firm, recently asked.

Are there any bank bonds that you could suggest that would fit in this category?

Upvote 5

Read Answer Asked by Andrew on November 21, 2023

• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $16.62)
  • $16.62 P/E (TTM): 16.66X Cap: $2.19B
  • View HMAX Profile
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Q: Retired, dividend investor looking for income with this trade. HMAX is currently 1.8 of my equity position, down 15%. Would this be a good time to average down and take advantage of their 14+ dividend. How safe is the dividend? Do you have any other options

Upvote 9

Read Answer Asked by Lu on November 20, 2023

• Hamilton Australian Bank Equal-Weight Index ETF (HBA $32.53)
  • $32.53 P/E (TTM): 32.32X Cap: $147M
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Q: Can you tell me a little about this etf please? How are the dividends handled? I'd there a withholding tax?

Thanks

Upvote 2

Read Answer Asked by Mark on November 20, 2023