Investment Q&A

Q: Hello 5i team,
In several recent reports you recommended selling the full position in CPD, noting “better opportunities.” I also noticed that CVD and MFT were removed from your model portfolios earlier.
Given this shift away from preferred-share ETFs, do you think a combination of ZWU, ENCC, ZWB, and HTA would serve as a reasonably balanced substitute for a moderate‑risk, slightly income‑oriented allocation? Or would you suggest broader diversification?
Thank you for your insights!

Q: In one of recent reports you suggested to sell full position of CPD mentioning "better opportunities". I noticed that CVD also disappeared from your Income Portfolio as well (it is more explicable for me). Can you suggest potential alternatives for substitution of CPD / CVD considering relatively high dividends they pay and relatively low volatility? (may you consider ZMO or ZPAY... or something like that - kind of speculations :)). Thank you for great service!

Q: Thoughts on CPD for the coming year? How much more volatile is than XBB. Trying to understand how it fits into my portfolio between equities and bonds,

Q: I have a base of preferred shares ETFs to help counterbalance the tech stocks and their volatility, and these ETFs generally move very little in a day. Wednesday was an exception, with TPRF and CPD in particular, down more than 1%, and the others down quite a bit, as well. This despite the TSX and all other indices being up. Would you care to speculate what made all the preferred shares ETFs drop in tandem on Wednesday?

Q: In the current environment, of the above etfs, in a taxable account, where would you cash for a 1 year hold for 1) low risk; 2) moderate risk ? Is there another vehicle you like better ? Thank you.

Q: What role can a Preferred Share ETF play in an income portfolio? With the current values of the bank stocks would it be reasonable to move some of the bank monies into a Preferred Share ETF to take advantage of the higher payout? If so which ETF would you recommend?

Q: Greetings 5i, I am concerned about the current outlook for preferred shares, say 1 - 3 year horizon. What is your opinion on a switch from preferreds to short - mid term bond etfs over this time period? Thank you.

Q: I am about to clean up my registered accounts and am wondering if any of the following units which are all down at least 5% should be sold: BCE, AW, XPF, CPD, NWH.UN, DIR.UN and TXF? I have owned these stocks for some time for income but if you think their prospects are limited, I would be content to sell them and reinvest the money elsewhere.

Q: I would like 3-4 ideas for investment to be held in cash account. I don't need the money unless an emergency and was thinking of parking in a few solid pref shares perhaps to pick up a decent tax efficient yield but open to alternatives.

Q: In a question asked Jan 2025 whether it was a good time to buy CVD, you answered "Yes, with rates heading lower and corporate earnings moving higher, convertibles we think look good today". In a more recent post on your Income model portfolio, you speak of selling the CVD to buy equities you said "We liked the CVD ETF during the high interest rate environment from 2022 and on, but without factoring in its high yield, its unit price is mostly in a downtrend. While we feel we caught most of the upswing in unit price over the past couple of years, we are preferring to add to individual stocks at this point in time." So for someone who's not looking to raise cash, and likes the dividend is it just as well to keep it or are you suggesting time to take profits, and move to something else? What would you suggest?
Thanks!

Q: I,m 81 so far i managed. pretty well thanks to your Income portfolio, I'm not a fat cat and rely on the income provided.The market tells me to be cautious the stocks I mention constitute 9% of my accounts,I'm willing to increase this percentage as protection to my income I don't expect obvious capital gain,How do you judge the approach,any suggested addition?

Thanks to the Team

Dan

Q: Good morning. I will need to raise some cash soon. I have picked AW, ATH, CPD and SYZ to head to the chopping block. In what order would you sell? Thanks for everything you do for us.

Q: Thoughts during the current market cycle?

Q: Looking at your income portfolio I see CPD is down ~24% but when I look at the chart it has never been higher, how can that b

Q: Good Monday Morning to all at 5i!

I have both of there ETFs and have had them for a while. They are both underwater and I was wondering about their future prospects since interest rates are falling. Do they have a chance of seeing an upside???

Cheers,

Tamara

Q: Would both these 2 ETF fall under Financial services? I have 25% holding in this sector and need to reduce and wonder which ETF would you sell to bring down the weight. Both are 5% weight in my RRSP account. I have also some other financial stocks in a non registered account but reluctant to sell as this would would create a capital gain and I have no loss to offset the gain with.

Thanks

Q: Hi All at 5i! I have 44K in CPD in a non registered account which provides me monthly income via dividends. I prefer a stock which pays a decent dividend but also offers some growth. I would like to sell my CPD which has given me no growth and reinvest in better growth/ dividend paying stocks. Could you offer me the names of 5 such stocks?.
Cheers,
Tamara

Q: Good morning,

What is your favourite preferred share ETF please?

Thanks as always.

Trevor

Q: As an older investor, I am considering a gradual move from mostly individual stocks to a fully ETF portfolio. My thinking is to allow management simplicity for my wife in the event of my death or disability. Seeking dividends predominately but also a representation of growth. Can you please suggest an array (portfolio) of ETFs that I could begin migrating towards? As always, your advice is appreciated. thank you

Q: Can you suggest 10 best (sleep at night) low risk, monthly/quarterly income, tax efficient, Canadian etfs. Monthly preferred but not essential. Held in non registered account.