
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.