A Yield to Caution

CANOE EIT INCOME FUND $13 (Toronto symbol EIT.UN; Units o/s: 153.9 million; Market cap: $2.0 billion; Divd. yield: 9.2%; www.canoefinancial.com) is a closed-end fund that invests in a portfolio of dividend paying stocks. Canadian stocks account for 51.2% of its holdings, followed by the U.S. at 40.2%.
Canoe… Read More

Two new ETFs for Canadian investors

This month we highlight an ETF that invests in dividend-paying energy stocks, plus another that focuses on renewable energy.
NINEPOINT ENERGY INCOME FUND ETF $19.79 (NEO exchange symbol NRGI) invests in dividend-paying companies involved in the energy industry. The ETF is managed by Eric Nuttall, who feels that his… Read More

A Yield to Caution

ABERDEEN ASIA-PACIFIC INCOME FUND $3.18 (Toronto symbol FAP; Shares outstanding: 50.7 million; Market cap: $161.2 million; Dividend yield: 8.5%; www.aberdeenstandard.com) invests in foreign currency bonds, mostly from Australia and Asian countries. The fund’s MER is a very high 1.18%.
Note that Asian countries also issue… Read More