Q: I have a relative (73 years) with a portfolio of $400K, paid-off home (modest) whose pensions cover regular living expenses. She is disinterested in management of her investments but seemed happy with the performance of XGRO in a spousal RIF (dripped for convenience). This is only approx. $150K of her holdings. XGRO is meant to be a one and done investment, with the exception of some cash-type investments, she wonders if her Cash account and TFSA could all hold XGRO for simplicity.
Thank you for your valued opinion.
Thank you for your valued opinion.
5i Research Answer:
XGRO is a $3.2B fund managed by Blackrock, one of the biggest global managers. In terms of...