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iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.89)
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BMO Laddered Preferred Share Index ETF (ZPR $12.71)
Q: What is your opinion on preferred share ETFs for income? Are there any that you would recommend? Cdn., U.S. or International.
5i Research Answer:
We like preferred share ETFs for enhanced yield. They offer a quick and diversified exposure to the space and rovide a relatively secure income stream. It is more volatile and higher risk than fixed income but as a part of a 'fixed income' portfolio we think it can make sense. We would consider CPD or ZPR.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in CPD.