Q: Hi
Have a 33% gain on ATH.
Would you let run or change to VDE for safety.
Also this is would be in my cash account. I know the withholding tax would apply to the dividend but no big deal.
My goal is to reduce my Canadian holdings.
Thank you for your time
Mike
Have a 33% gain on ATH.
Would you let run or change to VDE for safety.
Also this is would be in my cash account. I know the withholding tax would apply to the dividend but no big deal.
My goal is to reduce my Canadian holdings.
Thank you for your time
Mike
5i Research Answer:
ATH is up 61% this year and we are liking it better these days as growth looks good and the balance sheet is much improved. It is of course hard to compare a single mid-cap Canadian company to an $8B US ETF with 116 different holdings. We think ATH is fine to own, but if the goal is more safety, more diversification and more US exposure then to us this switch makes sense.