Investment Q&A

• BMO Nasdaq 100 Equity Hedged To CAD Index ETF (ZQQ $161.44)
  • $161.44 P/E (TTM): 98.45X Cap: $2.50B
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• RBC Life Science and Technology Fund Series F (RBF619 $78.64)
  • $78.64 P/E (TTM): 23.7X
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Q: I hold ZQQ for tech exposure. It has grown 33.8% over the last year. I've noticed that RBF619, a Life Science and Technology fund, has grown 39.9% over the same period even with a much higher MER - 0.94% vs 0.39%. I assume this is due to the life science component in RBF619, including high performing stocks like Lilly. Would you switch ZQQ to RBF619 or are there other alternatives that provide a better tech return than ZQQ.

Upvote 4

Read Answer Asked by Ken on June 11, 2024

• BMO Covered Call Canadian Banks ETF (ZWB $21.90)
  • $21.90 P/E (TTM): 12.51X
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• Recon Capital NASDAQ-100 Covered Call ETF (QYLD $16.64)
  • $16.64 P/E (TTM): 98.08X Cap: $8.14B
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• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $14.94)
  • $14.94 P/E (TTM): 12.67X Cap: $1.48B
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Q: Interested in your thoughts on this one .... Global X Russell 2000 Covered Call ETF (RYLD). What is the ROC level and any thoughts on the reason for the steady decline over the last 3 years. Also, would you consider it relatively "safe" for a retired investor ... maybe @ 5-7% of total portfolio value.

Upvote 5

Read Answer Asked by Randy on June 11, 2024

• iShares Core MSCI EAFE IMI Index ETF (XEF $44.30)
  • $44.30 P/E (TTM): 0.75X Cap: $13.57B
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• iShares Core MSCI Emerging Markets IMI Index ETF (XEC $33.44)
  • $33.44 P/E (TTM): 0.22X Cap: $2.49B
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• Invesco Global Companies Fund Series F (AIM1517 $37.82)
  • $37.82 P/E (TTM): 22.6X
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Q: What do you think of AIM1517 for international exposure?

I have a couple of mutual funds left in my RRSP that I bought YEARS ago. I’m trying to decide if I should keep them or replace them with an ETF(s)? I currently hold XEC and XEF for international exposure. Is it worth keeping AIM1517 for international exposure, it’s 60%+ US stock so not sure how international it really is. Would something like XEC and XEF make more sense and provide better overall results? Is there a better ETF(s) I should be looking at for that goal?

Upvote 2

Read Answer Asked by Raymond on June 11, 2024

• SPDR Gold Shares ETF (GLD $311.47)
  • $311.47 Cap: $103.48B
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• Sprott Physical Gold Trust Unit (PHYS $25.98)
  • $25.98 P/E (TTM): 24.9X Cap: $10.42B
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Q: Do you have any preference between GLD & PHYS? Thanks.

Upvote 4

Read Answer Asked by Charles on June 10, 2024

• SPDR Gold Shares ETF (GLD $311.47)
  • $311.47 Cap: $103.48B
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• Sprott Physical Gold Trust (PHYS $35.94)
  • $35.94 P/E (TTM): 24.9X Cap: $14.44B
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• SPDR Gold MiniShares Trust (GLDM $66.99)
  • $66.99 Cap: $16.90B
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Q: Following up on my recent question on gold bullions...
Which account type should I hold your recommended etfs (non-reg, tfsa, rrsp)?
Please take as many credits.
Thank you

Upvote 1

Read Answer Asked by Ahmed on June 10, 2024

• TD Q U.S. Small-Mid-Cap Equity ETF (TQSM $25.79)
  • $25.79 P/E (TTM): 15.49X Cap: $505M
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• Avantis U.S. Small Cap Value ETF (AVUV $99.30)
  • $99.30 P/E (TTM): 22.12X Cap: $17.96B
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Q: U.S. Small Cap ETF - please compare AVUV with DFSV and VIOV (both not in your system). I already own TQSM, perhaps add more?

Upvote 2

Read Answer Asked by Jeff on June 10, 2024

• SPDR Gold Shares ETF (GLD $311.47)
  • $311.47 Cap: $103.48B
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• Sprott Physical Gold Trust (PHYS $35.94)
  • $35.94 P/E (TTM): 24.9X Cap: $14.44B
  • View PHYS Profile
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• SPDR Gold MiniShares Trust (GLDM $66.99)
  • $66.99 Cap: $16.90B
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Q: I think this question has been asked. Instead of buying gold bullions, could you please recommend two or three etfs that are equivalent to buying bullions.
What are the differences, if any, between buying gold bullions and buying your recommended etfs?
What are your thoughts on buying gold now after the rally gold has already had so far?
Thank you,

Upvote 2

Read Answer Asked by Ahmed on June 10, 2024

• Purpose US Cash Fund (PSU.U $100.32)
  • $100.32 Cap: $783M
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• Global X USD Cash Maximizer Corporate Class ETF (HSUV.U $116.25)
  • $116.25 Cap: $755M
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• US High Interest Savings Account Fund (HISU.U $100.33)
  • $100.33 Cap: $438M
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• Global X 0-3 Month U.S. T-Bill ETF (UBIL.U $50.12)
  • $50.12 Cap: $522M
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• CI U.S. Money Market ETF (UMNY.U $50.00)
  • $50.00 Cap: $14M
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Q: I often have a variable amount of cash in my USA trading account, while I am looking for trades. Which safe money market fund with a good dividend would you recommend that I can use for short term holds? For example for my Canadian funds I use CMNY, I can trade it like a stock using my TD account. I got that recommendation on BNN market call. It has been very useful. I would like a similar one for the USA. Thanks for all your great advice and service.

Upvote 6

Read Answer Asked by Florence on June 10, 2024

• iShares Core Canadian Universe Bond Index ETF (XBB $27.90)
  • $27.90 Cap: $8.14B
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• iShares Equal Weight Banc & Lifeco ETF (CEW $23.21)
  • $23.21 P/E (TTM): 17.12X Cap: $263M
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• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $54.69)
  • $54.69 P/E (TTM): 9.2X Cap: $4.19B
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• Vanguard S&P 500 Index ETF (VFV $158.44)
  • $158.44 P/E (TTM): 82.03X Cap: $24.73B
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• Vanguard Growth ETF Portfolio (VGRO $40.65)
  • $40.65 P/E (TTM): 0.01X Cap: $7.47B
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Q: I have 1.5 million to invest. I need income of $70000 per year before tax for the next 10 years. I hesitate to put it in to a single type of investment.. please suggest a mix I could use to get me close to this goal. A slight growth would be a bonus . Thanks

Upvote 41

Read Answer Asked by Peter on June 10, 2024

• BMO US High Dividend Covered Call ETF (ZWH $24.34)
  • $24.34 P/E (TTM): 50.23X Cap: $1.07B
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• Recon Capital NASDAQ-100 Covered Call ETF (QYLD $16.64)
  • $16.64 P/E (TTM): 98.08X Cap: $8.14B
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Q: Just opened a new TFSA. Looking for advice on how to invest the 15K. I am retired and would like a yield of 7% or higher while at the same time protecting the capital (I do hold PSA in my RRSP account and it offers ~5% limited risk return ... so if I can't get at least 7% from something else then why bother). I'm thinking an ETF might be the best route for diversification. I want to avoid ETF's with high ROC,"higher" risk, etc. Not adverse to covered calls. Any words of wisdom for me ?

Upvote 8

Read Answer Asked by Randy on June 10, 2024

• Global X High Interest Savings ETF (CASH $50.09)
  • $50.09 Cap: $6.81B
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Q: Bank of Canada cut rate, would this impact CASH's yield? Thank you.

Upvote 4

Read Answer Asked by David on June 07, 2024

• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $38.84)
  • $38.84 P/E (TTM): 5.55X Cap: $1.01B
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• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $54.69)
  • $54.69 P/E (TTM): 9.2X Cap: $4.19B
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• Vanguard Dividend Appreciation FTF (VIG $210.23)
  • $210.23 P/E (TTM): 68.92X Cap: $91.56B
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• Hamilton Enhanced Canadian Covered Call ETF (HDIV $18.98)
  • $18.98 P/E (TTM): 36.38X Cap: $791M
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Q: Can you recommend your top 3 dividend etfs regardless of sector?

Upvote 8

Read Answer Asked by Gary on June 07, 2024

• BMO Covered Call Utilities ETF (ZWU $11.34)
  • $11.34 P/E (TTM): 53.76X Cap: $1.89B
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Q: Now that we have had the first reduction in central bank interest rates, do you think there is a good investment opportunity in utilities? Looking mostly for price stability with income and some capital appreciation. Is there an equal weight ETF for utilities?
Thank you for your great service.

Upvote 6

Read Answer Asked by Francisco on June 07, 2024

• Vanguard Total International Stock (VXUS $71.50)
  • $71.50 P/E (TTM): 0.5X Cap: $95.27B
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• Vanguard International Dividend Appreciation ETF (VIGI $89.21)
  • $89.21 P/E (TTM): 10.52X Cap: $8.31B
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Q: For a 3-5 year timeframe, for an international ETF, would you recommend VXUS or VIGI? Is there another international ETF which you feel is better?

Thank you for this excellent service.

Upvote 5

Read Answer Asked by Dale on June 07, 2024

• Miscellaneous (MISC)
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• iShares Japan Fundamental Index ETF (CAD-Hedged) Common Class (CJP $14.39)
  • $14.39 P/E (TTM): 0.3X
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• iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ $58.20)
  • $58.20 P/E (TTM): 98.54X Cap: $3.80B
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• iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU $44.70)
  • $44.70 P/E (TTM): 83.32X Cap: $647M
  • View XSU Profile
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• Vanguard FTSE Developed Europe All Cap Index ETF (VE $42.33)
  • $42.33 P/E (TTM): 31.06X Cap: $418M
  • View VE Profile
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• Vanguard FTSE Emerging Markets All Cap Index ETF (VEE $43.10)
  • $43.10 P/E (TTM): 0.16X Cap: $2.80B
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• Vanguard S&P 500 Index ETF (VFV $158.44)
  • $158.44 P/E (TTM): 82.03X Cap: $24.73B
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• SPDR S&P 500 ETF Trust (SPY $643.39)
  • $643.39 P/E (TTM): 57.48X Cap: $652.34B
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• Vanguard Total International Stock (VXUS $71.50)
  • $71.50 P/E (TTM): 0.5X Cap: $95.27B
  • View VXUS Profile
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• Vanguard Total Stock Market ETF (VTI $317.25)
  • $317.25 P/E (TTM): 71.88X Cap: $496.07B
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Q: Good afternoon, Please recommend your 3 favourite international equity ETFs (without US holdings) and your 3 favourite US market ETFs. I already own QQQ which represents approx. 10% of my RRSP (in US dollars). Further, what are your thoughts on investing in the US market in US dollars (converted using Norbert Gambit) vs. Cnd. dollars? Is there an approach which has generated better results? Thank you.

Upvote 9

Read Answer Asked by bernie on June 07, 2024

• Hamilton Enhanced Canadian Covered Call ETF (HDIV $18.98)
  • $18.98 P/E (TTM): 36.38X Cap: $791M
  • View HDIV Profile
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Q: Is there an expectation that the monthly distribution from this etf gets reduced as the interest rate declines?
Thank you

Upvote 1

Read Answer Asked by Ahmed on June 07, 2024

• BMO S&P 500 Index ETF (ZSP $97.71)
  • $97.71 P/E (TTM): 80.87X Cap: $19.48B
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• Global X S&P 500 Index Corporate Class ETF (HXS $91.88)
  • $91.88 Cap: $4.73B
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• Vanguard Dividend Appreciation FTF (VIG $210.23)
  • $210.23 P/E (TTM): 68.92X Cap: $91.56B
  • View VIG Profile
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• SPDR S&P 500 ETF Trust (SPY $643.39)
  • $643.39 P/E (TTM): 57.48X Cap: $652.34B
  • View SPY Profile
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• INVESCO QQQ Trust (QQQ $571.29)
  • $571.29 P/E (TTM): 59.46X Cap: $367.94B
  • View QQQ Profile
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• Global X Nasdaq-100 Index Corporate Class ETF (HXQ $93.20)
  • $93.20 P/E (TTM): 96.05X Cap: $1.16B
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• BMO Nasdaq 100 Equity Index ETF (ZNQ $104.87)
  • $104.87 P/E (TTM): 102.2X Cap: $1.14B
  • View ZNQ Profile
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Q: If using your balanced portfolio as my canadian content for an equity portfolio could you please recommend some equity etfs for ex canadian content and what % would be canadian of the total portfolio? I was thinking 40% and 60% outside canada

Thx

Upvote 7

Read Answer Asked by blake on June 06, 2024

• Miscellaneous (MISC)
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Q: I was looking for Metal ETF that holds only Metal.

We reccomend: COPX for copper and for uranium URNM or URA. On the gold side, there are direct spot exposure gold ETFs, some we like are GLD and GLDM. There are also gold stock ETFs for which we suggest GDX and GDXJ.

Thanks for the great service

Upvote 1

Read Answer Asked by Hector on June 06, 2024

• Simplify Volatility Premium ETF (SVOL $17.39)
  • $17.39 P/E (TTM): 72.41X Cap: $890M
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Q: What do you think of SVOL for income generation? It seems like the etf is doing what it's designed to do and prices have leveled out since initial offering. What's the biggest risk with holding this wtf?

Upvote 1

Read Answer Asked by Shawn on June 06, 2024

• iShares S&P/TSX Capped Financials Index ETF (XFN $67.31)
  • $67.31 P/E (TTM): 2.72X Cap: $1.69B
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• BMO Equal Weight Utilities Index ETF (ZUT $24.37)
  • $24.37 P/E (TTM): 40.82X Cap: $723M
  • View ZUT Profile
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• iShares S&P/TSX Capped REIT Index ETF (XRE $15.85)
  • $15.85 P/E (TTM): 30.38X Cap: $1.49B
  • View XRE Profile
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Q: Can you please recommend CDN ETF for REIT, Utilities and Financial sectors. Would you be comfortable holding 10% in each sector

Thanks for the great service

Upvote 4

Read Answer Asked by Hector on June 06, 2024