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TSE:XIU
This summary was created by AI, based on 3 opinions in the last 12 months.
The iShares S&P/TSX 60 Index ETF (XIU) is viewed positively by experts as a strong long-term investment that can help defer taxable gains. It is often compared with other ETFs like XIC, with both being known to move in the same direction; however, the TSX 60 captures a substantial 80% of the index weight. Investors are encouraged to consider their personal risk tolerance and investment priorities when choosing between XIU and alternatives, with XIU providing less volatility compared to more aggressive options. The Canadian market, represented largely by XIU, has been outperforming the U.S. market for the past 18 months, which could indicate a trend that may last for several more years. Overall, the sentiment towards XIU is that it holds a favorable position in a growing market that includes key sectors such as energy and banking.
How to increase dividends. These are all the same thing. You get exposure to Canadian large caps. There is no diversification by being in all three. ZWU-T should replace one of them to get utilities including pipelines and telcos and less reliance on the banks. Still Canada so you need international. ZWE-T is the best international dividend payers yielding 7% with a covered call overlay. ZWS-T is the best in the US. These are the two to add to the three. These should be in a registered portfolios if you are retired because there is no divined tax credit.
A core holding in a young person’s portfolio? One of the grandaddy ETFs. Big cap stocks in Canada. Pretty good dividend, extremely liquid. Of his Canadian portfolio allocation, his primary holding is XIU. More convenient to buy one stock than it is to turn around to the market and buy the top 15-20 stocks. Cheap, effective, you might as well use it. 0.18% MER.