Investment Q&A

Q: I see in one of your latest answers your liking su over cnq wondering what criteria it is that leads you in that direction? Also i hold cnq and wcp and looking to add to my oil and gas holdings. Would you add to my current holdings, or add a third or fourth position say in tou and or su? Thx

Q: I have some cash that I was thinking of putting into PSA or CASH for the shorter term. But I am wondering if the unit price of those may drop suddenly when the market turns bullish, and investors move back into stocks. So, well I may earn a nice yield, I could lose some capital. Is that something I should worry about? Thanks.

Q: Hello, 5i. Can you please give your opinion of BTG110 for holding cash. Thank you.

Q: Is it too early to take a starter position in the Nasdaq 100? What would be the best way to do so, avoiding currency issues and tax implications. Many thanks.

Q: I hold Vgg for US exposure. it is about 17% of portfolio. Should I sell 50% and buy VFV for more diversification?
T Steve

Q: is there any advantage of holding QQQ rather than QQC- other than currency?
Thanks jerry

Q: To the 5i team a question on a US ETF. Your sage advice on investing in JEPI returning over 10%. Looks good but dont they all.

Q: Last week Horizons issued press release indicating they were suspending new subscriptions after reaching approx. $US 775 million in assets.
The release says that “ during a period of suspended subscriptions , the Manager expects the shares of HSUV.U to trade at a premium to its NAV per share . While new subscriptions are suspended , Horizons ETFs is strongly discouraging investors from purchasing shares of HSUV. U “ .
As of today , the price and NAV are within a few cents of each other.
How should this press release be interpreted ?
Is it just a formality ?
Or should you be listening when Company issues a caution on its own product ?
Thanks.

Q: Hi
What is the advantage of holding an ETF like CASH or PSA Instead of a money market fund such as TDB8150?
The latter appears to pay a much higher interest rate (3.8%).
Thank you.

Q: I have bought two of my three tranches of ZRE in Dec ($22.60) and early Jan ($22.37). It looks like ZRE is starting to break out.

Would you advise advancing the final purchasing and buying now, instead of in Feb?

Thanks...Steve

Q: Your thoughts on swapping HCAL for ENB.

Thanks

Q: I have losses in spy and iyc and want to buy voo. Would I be able to claim the loss since the two etfs are in a non registered account? Do you think this is an ok move?
Thanks, Lesley

Q: In the Portfolio Analytics it was pointed out that we are underweight in Industrials.. is there a Canadian etf that you would recommend that covers industrials?

Thanks, Lesley

Q: With a 5yr time horizon would you recommend splitting money over 3 etfs; rep. Utilities, tech, financials. Or, one etf VOO or a cad equivalent with spaced purchases over the course of a year. If suggestion is 3 etfs, could you please suggest some names in each of the three sectors. Thanks a lot.

Q: I noted and likely your strategy to add to XHY for income and possible capital gains. However, when I looked at high yield corp. bond ETFs, ZJK looked better overall. There is also the matter of CAD hedging. I'm looking to park cash for my 2023 RIF withdrawal this December and I've been using the BMO HISA for this. Can I have your opinion on using ZJK or XHY instead for about 2% higher income?

Q: I have a bit of cash on the sidelines that I'd like to deploy in a money market fund/cash proxy etf product to earn a bit of interest on. Do you have any suggested ETFs for this purpose in this market?

Q: Hi,

A great question by Rodney today (Jan 11) on Tech sector "rolling over" and comparing it to the current status in O&G sector. I really appreciated your measured and thoughtful response.

This is a quick follow up question to your answer to Rodney's question:

I "get" the 80$ markin XLE as an indicator to monitor. Makes sense.

But what other sectors would like XLE to be compared to? XMA or XLI or XGD.....not sure if you meant ALL the 11 sectors in S&P or some specific sectors that are comparable to O&G.

Many thanks for the clarification.

Q: Is there some way to score-board enhanced-yield Canadian bank ETFs/funds that assigns more weight to the factors that make more of a difference? Yes, fees add up, but even over the long term it's hard to see how basis-point fee differences could outweigh percentage-point yield differences. And won't either of these factors be outweighed by distribution tax treatment and, especially, by central bank rate-pivoting?

Further, in side-by-side comparisons, 5i often prefers larger ETFs (recently, for example, when comparing CBNK vs BANK.) But given large-cap banks' similar value-propositions and tendency toward mean-reversion, why should higher AUM matter (other than w/rt second-order effects like trading liquidity)? Put another way: what, if anything, could a new entrant to this sector do to make themselves attractive to 5i?

Please add to the supplied symbol list if other names provide more instructive comparisons.

Q: I'm looking at my legacy pile of preferred shares of which I have never been fond and wondering if this isn't a good time to sell and invest in a bond ETF such as XHY. I know you have expressed ambivalence about prefs but have also said in better times the class can do better. However, yields are roughly comparable, I can use the loses and invest the proceeds in XHY or a different bond fund which you might suggest, keeping the investment on the fixed income side of the page, Many thanks. al

Q: Dear 5i team.

I'm considering adding to my IHAK position but wanted to clear up something with you first.
In the archives, you mentioned that a combination of CRWD/NET/PANW would be an alternative to owning the ETFs IHAK or HACK. Are you still of this view? Do you still prefer IHAK to HACK?
Are the valuations of these holdings back to a level that reflects current realities?

Many thanks for your help.