Q: I note that HLPR is a total return ETF. How solid do you think it is for purchase in an unregistered account? I would like to shift some of my income in the unregistered account from interest to capital gains. Thanks!
5i Research Answer:
Preferred shares are not risk free, but we think they can certainly form part of a diversified income allocation. We would consider the ETF fairly solid overall. Conditions are right (rates moving lower) for decent performance.