Investment Q&A

Q: Regarding both BMO { ZWB, ZWU,ZWT, etc. } and Hamilton { HMAX, UMAX, FMAX, etc. } covered call ETFs, do either use a return "of" capital as part of their distributed yield ? ..... If so how much and would it be a deterrent from buying them ? I have put the word "of" in quotation marks as I think it means I am getting my own money back ? ..... Thanks for your always sound advice .....

Q: Why is the Asset Class of Boralex classified as Energy and Fortis is classified as Utilities. Why the difference? Thanks.

Q: Good Morning,

Would HXQ be your pick today for a NASDAQ etf, non-reg account ? Thanks again

Q: I would appreciate your general comments regarding these two ETFs, in particular with regard to these as a long term hold for my nephew at age 30. That person also intends to have other funds invested in more speculative, higher risk equities (play money!)
1) Are these a safe hold that should increase in value with general market appreciation over the years?
2) Would you believe the current dividend is sustainable?
3) Are there other options in the ETF world that you might recommend for a long term hold?
4) Again for a long term hold would you prefer something along the lines of buying equities directly, with something like holding one of your portfolios, knowing that he will not be paying much attention to these investments.
Thanks! Paul

Q: there are questions about if this new company will still trade on the TSX?can you clarify.
Also does this not need a vote from shareholders as well?
KRR shares got really dumped here.

Q: Further to my prior question, in looking at ETFs, I often thought why not just buy their top holdings, and that is quite often what I do. However, in trying to find out that info for these two I noticed something I thought was unusual.

For example, the XEQT ETF lists holdings as follows ...
iShares Core S&P Total US Stock Market ... 44.8%
iShares Core MSCI EAFE IMI ETF ... 24.96%
iShares Core S&P/TSX Capped Compost ETF ... 24.86%
iShares Core MSCI Emer Mkts IMI ETF ... 4.97%

This seems to be the total of their holdings (99.59%). I assume these also generate management fees, which seems like an approach to increase fees paid by "layering" their offerings!
Would a person not be generally better off just buying the 4 separately in the percentages to match the XEQT ETF?
... or possibly digging deepr in the layer and finding out what equities they really are holding?
Thanks! Paul

Q: Good morning Peter, Ryan, and 5i Team,

How significant is the ESG backlash in many US states to Canadian banks that have large US operations?

A recent article in the Globe & Mail “Canadian banks caught in ESG backlash from U.S. state officials” outlines this unfortunate (in my opinion) trend.

The article refers to TD in particular, but lists large US banks that have also been impacted by this anti-ESG stance.

Thanks for your insight.

Q: Hello 5i Team,
I hold these companies between two TFSAs and have room for two more, small cap, Canadian growth companies. What might you suggest. Sector consideration not an issue although I do recognize the importance of diversification.
Thank you
SP

Q: Is it possible that if Tesla's robotaxi is successful Tesla could become competition to Uber. Your overall opinion of both companies would also be appreciated. Thanks

Q: Hello 5i. I'm looking add a new growth position in a registered account, 3-5 year horizon, sector not a factor. PRL appeals for its momentum and valuation, GIB.A for its valuation and it sector, for which it seems very undervalued. They are apples and orages but which would you go with today, for growth? Thanks.

Q: Good Morning! On a macro level and considering the current high average P/E ratio of the S&P 500 would you be more inclined toward Canadian, International or Emerging market investing. I see that both Canadian and International markets are also priced above average, although not as much as the US. For Emerging markets India and China on the other hand are presenting faster growing economies (still China is much riskier in my POV but BABA might be a good opportunity). What are your thoughts ? Thank you.

Q: What is your view of Charles River Laboratories International Inc please, thanks.

Q: Morning 5i,
You may have recently fielded similar general questioning and if so I apologize for the repetition, but here goes. Almost exactly two years ago the market was at a high very similar to its current level and I was feeling very good about my holdings, but things turned south pretty quickly - especially in tech but in other sectors as well - and it's taken me much of the two years since to recover. Granted, at that time I was holding tech names like LSPD, ILLM, EGLX, XEBEC, DOC and WELL which have now been replaced by LMN, CTS, HTA, TXF, TXF.B and I have shored up the non tech end of things with names like BNS, CM, GSY, PRL, EQB, CNQ, TOU, SU, KEY, ENB, EIF, SIS, DHT.UN and MDA but I can't help but wonder - are we approaching that precipice again and if not, why not?
Is the market fundamentally stronger now, and more resilient, than it was when everything looked oh so rosy two years ago? Presently things seem to me almost too good to be true, and I think when that's the case they often are and I would sure appreciate your perspective on the year ahead. (Right now I feel like I should all and go to cash ...).
Thanks, and please deduct as you think appropriate.
Peter

Q: I acknowledge that timing a revenue growth inflection is a fraught undertaking. Could you suggest one or two stocks that you believe have the best opportunity and your thinking.

Q: Hi 5i
Currently own both but I intend to sell AQN to top up PSI or release funds for something new.
My question is relating to the likelihood of AQN suddenly gaining attention and being re-rated to the upside, effectively making this a timing question.
Thanks

Q: The governments of the United States and Canada may reduce interest rates this year. Based on recent inflation data, it appears that Canada will lower interest rates sooner than the US. My question is: Will the yield of Canadian bonds respond to the Canadian interest rate cut, or will it be influenced by developments in the US bond market? Thanks

Q: What is going on with Morgan Stanley . ? Money Laundering ?

What will be done to MS by regulators What will be long term effect on Shares ? RAK

Q: your comments please after the current share offering. thanks

Q: I currently hold a half postion in Google, Mircrosoft and Meta. Im looking starting a half position in Intel. What is your thought on Intel for a least a 5 year hold.

Q: when mister market allocates a 9 percent yield on utility does this not provide a red flag to 5i.? forgetting the fall back answer of falling interest rates what specific strategies does BCE need to implement to restore value to its shareholders ? what is the current payout ratio on the dividend and how does it compare to the last 3 years history? thanks Richard