Richard CroftBarclays Adv S&P/TSXBAI.UN.TOPAST TOP PICKAug 24, 2007

An E.T.F. that invests in a basket of income trusts. In a slowing economy and a declining interest rate environment, quality income trusts are going to perform well.

Basically, this is a tax efficient way to collect cash flow from a basket of income trusts. Buying individual income trusts is difficult because of individual company events that he can't predict. The cash flow coming off is a return of principle so you won't be hit with a capital gains tax until 2011.

This is basically a fund giving a tax advantage. A basket of income trusts. The advantage is that all of the cash flow is coming as a capital gains sometime down the road.

A good way to hold income trusts without having to look at individual trusts.