Investment Q&A

Q: Greetings 5i team,
I hold these three securities (one mutual fund and two ETFs) in my RSP for global (non-Canadian) equity exposure, total 17% (approx 150k) of overall portfolio and am looking for 5i analysis and possible replacement recommendations. Among the three I have some active management which has been successful, but expensive (EDG), some div income incl 50% US (CYH), some global non-NA exposure (XIN). I primarily invest in international securities for the diversification and growth and not nec income.
I would like to:
- possibly trade off the div income (CYH) for greater international growth
- understand if the active management component is worth the squeeze (cost) for this particular and only MF I own (EDG)
- reconsider the mix of international exposure among the three securities

What combination of ETF(s) would 5i recommend as potential replacement (or sustain as is) for these three securities that meet my goals?
TY for your work

P.S. Good webinar today on Portfolio Analytics.

Q: I see PH&N high yield bond fund series D opens for new investors on Thursday. Your thoughts please

Thank you
Barbara

Q: Can I have your opinion on Fundex Mutual Funds, We are speaking with an advisor about putting some money with Fundex through the advisor. I don't remember the particular fund but it would be on the conservative side.
Always appreciate your answers, Thank You. Peter

Q: I had some money in Mawer New Canada Fund (small caps)
is there another mutual fund of high quality that you would consider as small cap
or an ETF for small cap (Canada)?

thanks

Q: HI,
Do you see any problem with holding significant amounts of Mawer global balanced fund and Mawer balanced fund to provide diversification for a portfolio of canadian stocks selected from the 5i portfolios and carefully selected US stocks ?
Additional fixed income required would com from
PH&N or other suitable sources

Thanks in advance

Q: Hello. Thoughts on the Dynamic Real Estate & Infrastructure Income Fund? If not on your “thumbs up” list, any similar alternatives you would recommend? Thanks!

Q: Gentlemen,
I have 15% PF to invest. Can you please suggest at least 4 corporate class mutual funds for income. (deferred tax for corporate account)
Thanks,
Regards

Q: Gentlemen, Good Day.
Your thought on Vanguard MF low fees F Series : VIC100 & VIC200.
Thanks
Regards

Q: We have been divesting ATL1880 but it still is 1.7% of our portfolio (was 20%). One reason is because I realized that its return is mostly ROC and it has a high turnover rate.
I feel that the turnover is churn to the benefit of management company. I have recently read that receiving ROC is not necessarily a bad thing. Would like your opinion in general and in relation to this fund. This is our last mutual fund holding and its fees are also higher then I think reasonable. As we need income I want to replace with something that would provide equal income so would appreciate any suggestions you may have.

Q: What is your opinion of this non investment grade bond fund, in terms of the macro picture for high yield bonds, and this bond compared to its peers?

Q: Can you educate me about this company and fund? It is showing low average double-digit returns for the past 6 years. Would this include ROC or do they use derivatives? They refer to a base annual rate of return plus an amount for "profit share". What is this amount referring to? I don't need the income now but I will in two years. Is this a product I would only purchase then, use as a bond proxy now or stay away from it completely?

Appreciate your insight.

Paul F.

Q: Please give me your assessment of CWF701. Thanks for all your advice.

Q: I have a $12000 GIC maturing in June at our local Credit Union. GIC's are fully taxed on interest every year. As our CU can only sell mutual funds and GIC's, can you suggest a mutual fund or two, or strategy that would minimize our taxes but still provide some funds. I was thinking of Mawer as one possibility.
Regards Gord

Q: Hello. My question is regarding Management Fees vs MERs. Can you please tell me what is typically included in and MER other than Management fees as the MER is usually higher than the Management fee.

Thank you

Q: Hi Peter and Team
which would you buy and why: DXG Dynamic iShares Active Global Dividend ETF or the Mutual Fund DYN031 Dynamic Global Dividend Fund which has been around since March 2006 and has been through the financial crisis of 2008/9?
Thanks Ron

Q: Hi there. In August I became nervous about managing the amount of money I had been and got an investment advisor from the Royal Bank. I then invested half of my savings into their mutual funds. A large chunk of it is in the RBC Select Balanced Portfolio. As this is a mutual fund there is a mer of 1.94%. So question # 1 is: is this a reasonable mer?
I have noticed now that this mutual fund invests in 10 other (mostly RBC) mutual funds. So my second question is: how does this work for the other mers? Who is paying these mers? Am I paying 1.94% plus other hidden fees for the mutual funds within the first mutual fund?

Thanks,
Sue

Q: Hello 5i

I am a retired cautious investor who is slowly moving from individual stocks in both my registered and non-registered accounts to Mawer 105.

I do, however, believe in diversification. As I slowly unwind my accounts with their individual diversified holdings would it be wiser to spread my future investments between such products as Mawer 105 and VBal or simply go “all in” with one or the other ... or any other product you would suggest?

Thank you

Peter

Q: What is your opinion on this fund? With their high MER, do you suggest another fund or ETF with comparable or better,
Thanks

Q: We have about $150k in a Family RESP invested in the Fidelity Clearpath 2025 Portfolio Series B ISC target date fund. On the Fidelity fact sheet it says "Series B has the highest combined management and administration fees among the series in the Program". We were put into the fund by our previous financial advisor. Funny how that worked. The current MER is 2.17%. Could you recommend two or three alternative ETF's or funds with more reasonable MER's or even possibly a handful of suitable stocks? The funds won't be needed for another five years. Thanks.

Q: CIF 823 is the last remnant from the portfolio of my former financial advisor. How would you assess this mutual fund? Would an ETF (or several) be a preferred replacement?
Your input is always appreciated!