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Royal Bank of Canada (RY $199.58)
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Bank of Montreal (BMO $166.19)
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Hamilton Enhanced Canadian Bank ETF (HCAL $29.88)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $14.99)
Q: I hold these in roughly equal amounts totalling around 30% of my RRIF where income is more important than growth. Should I consolidate these or just leave alone ? Thanks . Derek.
5i Research Answer:
Sector weightings need to be based on personal goals and needs and we cannot comment. We are comfortable with all the securities noted. We have been suggesting as a general guide a lower weighting in financials than the TSX, which is now at 32.3%.