Not something he is specifically familiar with but there are a number of different based ETFs, theres ZDV-T from BMO, XDV-T from iShares and XEI-T. They all have a little bit of a different focus. Most of them are largely the banks and utilities. You might want to take a look at the weighting of each sectors from ETFs manufacturers website and see which one of those you like.
Canadian dividend index. You have big exposure to banks and insurance. It is a fine, diversified mix, and fine as long as we don’t get a pull back in any of the names. He would have preferred a covered call overlay (e.g. ZWC-T).
PowerShares Canadian Dividend Index ETF is a Canadian stock, trading under the symbol PDC-T on the Toronto Stock Exchange (PDC-CT). It is usually referred to as TSX:PDC or PDC-T
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On 2024-11-15, PowerShares Canadian Dividend Index ETF (PDC-T) stock closed at a price of $34.57.