-
BMO Covered Call Canadian Banks ETF (ZWB $27.30)
-
BMO Covered Call Utilities ETF (ZWU $11.63)
-
iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP $71.38)
-
Vanguard S&P 500 Index ETF (VFV $171.19)
Q: Hi, I am trying to get my daughter investing in her TFSA. She is very risk averse. I was thinking of EIT.un as a starting point. Can you recommend two or three etfs that would be fairly low risk. Thanks for your help. Clare
5i Research Answer:
ZWU and ZWB could be two good starting points. They are both more defensive names while the covered call component adds some extra yield that might align with a newer more risk adverse investor who likes to see the 'cash in hand'. Something like XSP or VFV might work as a third option to have a bit more return potential while remaining diversified.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWB, ZWU, VFV.