Stockchase Opinions

Terry Shaunessy BMO US Preferred Share Index ETF ZUP-T BUY Sep 30, 2019

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.
$25.500

Stock price when the opinion was issued

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It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

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TOP PICK

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.

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