
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 praised for its solid performance in the preferred shares market, notably keeping pace with the TSX index. The ETF currently boasts an impressive yield of 6.81% over one year and 34.92% over three years, making it an attractive option for investors seeking income. Experts highlight the ETF's diversified basket approach, which enhances liquidity compared to investing in individual preferred shares. It primarily holds rate-reset preferreds, which serve as a hedge against rising interest rates, positioning it well in an environment of fluctuating rates compared to its fixed-rate counterparts. Overall, CPD-T represents a compelling choice for those interested in preferred shares with a focus on stability and yield potential.
This is his 2nd preferred dividend ETF in Canada after BMO Cdn Div (ZDV-T).