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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Recently we were surprised to see that my 86 year old mother in law sold an etf and purchased Manulife simplicity portfolio FE (568). I say surprised as the broker is well aware to discuss financial changes to her account with my husband and ETFs were specifically chosen to avoid buying mutual funds. What can you tell me about this fund and does it generate monthly income. It looks like the broker is selling shares every month and sending her a cheque. I do not see any info around fees (which I thought had to be disclosed under the new rules) on her monthly statement. My husband is meeting with the broker so any info you can provide or questions he should ask would be appreciated.
Read Answer Asked by Maggie on March 28, 2017
Q: I am down on both companies 25% each and would like to switch to MX. Which one should I sell or trim both? My objective is growth.
Read Answer Asked by JR on March 28, 2017
Q: What is your opinion on this ETF? Pros? Cons? Is it best to hold it in a registered account or TFSA?

"I’ve started to buy one of the newest additions to the BMO ETF lineup - BMO Canadian High Dividend Covered Call (ZWC-T) strategy. It’s expected yield is around 6 per cent and it has less risk than the overall index. It holds a basket of some of the best quality dividend payers in Canada with a yield enhancement from a 50-per-cent covered call overlay."
It was mentioned in this article:
http://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/larry-berman-its-time-to-get-defensive-after-a-troubling-budget/article34414534/
Read Answer Asked by Helen on March 28, 2017