Larry Berman CFA, CMT, CTA iShares S&P/TSX 60 Index ETF XIU-T BUY Jan 29, 2024

An ETF to buy? There are so many ETFs, so it depends what you're looking for. XIU offers growth and income for retirees. This is a core holding for any investors. There's also a BMO utilities ETF offering a yield and upside. Also, a Canadian bank ETF from any vendor will give you income and growth, like ZWB-T. An ETF reduces volatility vs. owning individual stocks.

XIU has a slightly higher MER. HXT does not distribute the income but is capitalized into the portfolio holdings. It makes it a capital gain than dividend income. The redemption cost is also a factor. Would prefer HXT all things considered.

Well know ETF with ~3.4% dividend yield.
Canadian banks, utilities and infrastructure included.
Good ETF, but prefers XEI.

It holds a basket of large cap Canadian names and he likes it for the energy and banks holdings. The TSX 60 is not as far ahead as its counterparts in the U.S.

Banks have down poorly this which has limited the TSX, though oil has gone up. You need the financials to do well for XIU to do well. But in the long run, this will outperform in coming years.

Oldest ETF in the world (launched in the 1990s). Cheaper ETF's but overall, a great product. Over the long term, good product. 

Great way to get exposure to Canadian equities. Has performed well the past 5 years. Would recommend buying as a way to get exposure to Canadian economy.