(Past Top Pick on August 8, 2017, Up 25%) He's holding and adding to it. Includes big companies such as Shopify, and he expects the Canadian tech sector to perform well. There's more risk in this sector, but an investor is safe if it takes up 5% of a portfolio. And he's not excited about Canadian stocks in general now.
What asset allocation do you recommend for a retiree? A typical retiree should hold 40% bonds and 60% stocks, but he stresses owning at least some U.S. and limit Canadian exposure. Too many Canadian holds too much Canadian equity and zero American. Also, don't fiddle with your portfolio. Let it ride and leave it alone during volatility. Be CAD-hedged for safety.
People buy this for the 6% yield, but the banks and high-yield companies inside this ETFs yield only half that. Where's does the rest come from? This is about a return of your own capital to goose the yield, not a return on capital. You end up with a lower adjusted cost base, so when you sell it yet get whacked with a heavier tax.