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Stockchase Opinions

Terry ShaunessyBMO US Preferred Share Index ETFZUP.TOTOP PICKSep 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.

$24.37

Stock price when the opinion was issued

$19.70

As of Jun 15, 2026. Market Open.

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COMMENT
Good way to get US exposure to preferred stocks.
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.
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.