Stockchase Opinions

Terry Shaunessy BMO US Preferred Share Index ETF ZUP-T TOP PICK Sep 21, 2018

When you sell stuff, where should you put it? This is the US preferred share market, unhedged. Almost 5% yield, close to a high-yield bond, without the credit risk. There is ZHP-T if you don’t want to take the currency risk. Defensive.

$24.370

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BUY
Preferred shares? He's lost a lot in Canadian preferreds which are very volatile compared to American ones. They used to be fixed-rate here (they are in the US). Here, there are different resets, therefore are volatile. To buy US preferreds, look at ZUP-T.
PAST TOP PICK
(A Top Pick Sep 21/18, Up 11%) Pays a good 5% dividend yield. It stabilizes a portfolio and offers cash flow.
BUY
A monthly dividend-paying ETF for someone 60 years old. First, check with the provider if it pays monthly. ZUP might pay monthly. Maybe XVAL, too.
COMMENT
Good way to get US exposure to preferred stocks.