
TSE:CPD
This summary was created by AI, based on 1 opinions in the last 12 months.
The iShares S&P/TSX Preferred ETF (CPD-T) is recognized as a leading choice for investors interested in preferred shares, boasting a competitive yield of 6.81% over one year and an impressive 34.92% over three years. This ETF primarily tracks the performance of the TSX and contains a mix of fixed rate and rate reset preferreds. The strategy behind favoring rate resets is that it provides a hedge against rising interest rates, making it a more attractive option in a fluctuating economic environment. Experts appreciate the diversified basket approach of this ETF, which enhances liquidity and reduces the risks associated with individual preferred share investments.
This is his 2nd preferred dividend ETF in Canada after BMO Cdn Div (ZDV-T).