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Teck Resources Limited Class B Subordinate Voting Shares (TECK.B)
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iShares S&P/TSX Capped Materials Index ETF (XMA)
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Rio Tinto Plc (RIO)
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BHP Group Ltd. (BHP)
Q: What are a few relatively safe material sector stocks that my daughter, mid 30's, could thinking about holding in her RRSP for the long term???......thanks for the suggestions as me, I tend to shy away from material sector stocks.........Tom
5i Research Answer:
The sector is inherently cyclical, so 'safe' is a relative term. One suggestion is RIO, which is a $106B company with a 5%+ dividend and owning a wide variety of metal mining assets. BHP is similar in terms of having wide exposure. In Canada, TECK.B is large and nicely diversified as well. If an investor just wants general sector exposure, then a diversified ETF such as XMA will provide more diversification and still have upside potential.