-
BMO Low Volatility Canadian Equity ETF (ZLB $55.10)
-
iShares S&P/TSX Capped Consumer Staples Index ETF (XST $58.53)
-
RenoWorks Software Inc. (RW $0.58)
Q: Rainwater Equity ETF (NYSE): As a new ETF invested in mid/large cap companies, in sectors with reliable recurring revenues less sensitive to equity market fluctuations, this would likely be a good defensive stock to own. Is there a comparable ETF/Company based in Canada?
5i Research Answer:
While there is no direct comparable ETF in Canada that focuses on companies with recurring revenues, we think that XST (consumer staples) or the BMO Low Volatility Canadian Equity ETF (ZLB) have similar properties to RW.