Investment Q&A

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Q: Hello! I invested some of my young son's money into bkcl, thinking that Canadian banks are reliable and it will grow over time. The fees for the ETF are high, but it pays about 12% dividend monthly. It actually pays more, but I have deductions as I don't live in Canada. What is your opinion about this kind of etf, ie based on Canadian banks, high management fee but very high regular dividend? Thank you!

Asked by Samantha on October 29, 2024

5i Research Answer:

BKCL's MER as listed on its site is 2.16%, so certainly one of the highest for ETFs. It uses...

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