Q: Hi
Can I get your opinion on Manulife Smart Dividend ETF (CDIV). Are the MER and management fee in the ballpark for this type of ETF? Thanks for all you do. You can make this public if you want.
Can I get your opinion on Manulife Smart Dividend ETF (CDIV). Are the MER and management fee in the ballpark for this type of ETF? Thanks for all you do. You can make this public if you want.
5i Research Answer:
Expenses of 0.25% are in line with peers. With $754M in assets, the 3-year return is 15.67% and yield 2.51%. It owns the typical large cap Canadian dividend stocks and we have no qualms with its set up, structure or sector allocations currently. It is a bit lighter on financials (24%) than the TSX which we think is appropriate.