royal bank
A: The BMO Covered Call Canadian Banks ETF, $18.62, symbol ZWB on Toronto (Units outstanding: 68.1 million; Market cap: $1.3 billion; www.bmo.com/gam), holds shares of Canada’s six largest banks (CIBC, TD Bank, Bank of Montreal, Bank of Nova Scotia, Royal Bank and National Bank) either directly or through units of the BMO Equal Weight Banks Index ETF.
The fund started up in January 2011....
The fund started up in January 2011....
A: Preferred shares behave more like long-term fixed-income instruments rather than short-term instruments. So while short-term interest rates are still relatively low, the outlook for long-term interest rates is less certain.
The underlying credit quality of preferred share issuers can be a negative factor in some cases; for example, when the issuer’s share price is falling.
So unlike GICs, which don’t fall in value, the prices of preferreds can decline along with stock markets.
If you want to own a preferred share as part of the fixed-income segment of your portfolio, and you can accept some risk, then preferreds are okay to hold....
The underlying credit quality of preferred share issuers can be a negative factor in some cases; for example, when the issuer’s share price is falling.
So unlike GICs, which don’t fall in value, the prices of preferreds can decline along with stock markets.
If you want to own a preferred share as part of the fixed-income segment of your portfolio, and you can accept some risk, then preferreds are okay to hold....
A: iShares Canadian Financial Monthly Income ETF, $6.82, symbol FIE on Toronto (Units outstanding: 90.1 million; Market cap: $614.5 million; www.blackrock.com/ca), invests primarily in common shares, preferred shares, corporate bonds and income trusts of firms in the Canadian finance industry.
The fund has an MER of 0.93%, which is high by ETF standards....
The fund has an MER of 0.93%, which is high by ETF standards....
The shares of Canada’s big five banks have moved down recently, mainly due to fears that a slowing economy and rising interest rates will cut demand for new loans. However, each of the five continue to lower their costs and expand outside of Canada. That should spur their future earnings and dividends.
TORONTO-DOMINION BANK $68 (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.8 billion; Market cap: $122.4 billion; Price-to-sales ratio: 3.4; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www.td.com) gets 56% of its earnings from its Canadian retail business....
The six ETFs we update below mainly hold high-quality stocks that are widely traded on Canadian and U.S. exchanges. Each fund tracks the performance of a major stock market index. That’s different from ETFs focused on narrower indexes or themes such as cryptocurrencies or biotechnology.
Of course, you pay brokerage commissions to buy and sell these investments....
Of course, you pay brokerage commissions to buy and sell these investments....
ISHARES S&P/TSX 60 INDEX ETF $22.97 (Toronto symbol XIU; TSINetwork ETF Rating: Conservative; Market cap: $8.6 billion) is a low-fee way to buy the top Canadian listed stocks. Specifically, the ETF holds stocks that represent the S&P/TSX 60 Index—the largest, most heavily traded equities on the TSX.
The ETF’s top holdings are Royal Bank, 8.8%; TD Bank, 8.5%; Bank of Nova Scotia, 5.6%; CN Rail, 5.0%; Suncor Energy, 4.8%; Enbridge, 4.2%; Bank of Montreal, 4.0%; Canadian Imperial Bank of Commerce, 3.2%; and Canadian Natural Resources, 3.1%.
The industry breakdown is as follows: Financials (39%), Resources (29%), Industrials (11%), Telecommuncations (7%), Consumer discretionary (4%), Consumer staples (4%), Information technology (4%), Utilities (2%) and others (1%).
The S&P/TSX 60 Index mostly consists of high-quality companies....
The ETF’s top holdings are Royal Bank, 8.8%; TD Bank, 8.5%; Bank of Nova Scotia, 5.6%; CN Rail, 5.0%; Suncor Energy, 4.8%; Enbridge, 4.2%; Bank of Montreal, 4.0%; Canadian Imperial Bank of Commerce, 3.2%; and Canadian Natural Resources, 3.1%.
The industry breakdown is as follows: Financials (39%), Resources (29%), Industrials (11%), Telecommuncations (7%), Consumer discretionary (4%), Consumer staples (4%), Information technology (4%), Utilities (2%) and others (1%).
The S&P/TSX 60 Index mostly consists of high-quality companies....
RESTAURANT BRANDS INTERNATIONAL $55.03 (New York symbol QSR; TSINetwork Rating: Average) (905-845-6511; www.rbi.com; Shares outstanding: 478.0 million; Market cap: $26.3 billion; Dividend yield: 3.3%) continues to spur sales at Tim Hortons with new initiatives....
A fintech stock typically offers financial services, or services to the financial industry, and working towards efficiency through the use of technology. Here’s how to spot the best ones.
This month, we look at a new ETF that aims to focus on companies that will benefit from the fast-growing video gaming and eSports sector. Another ETF seeks to find companies that have registered blockchain patents.
VANECK VECTORS VIDEO GAMING AND eSPORTS ETF $27.60 (New York symbol ESPO) invests in companies involved in video gaming and eSports.
eSports is fast becoming extremely popular and viewership is already topping some of the most popular U.S....
Royal Bank’s shares have gained 35% since the bank’s 2015 acquisition of California-based City National Bank. Thanks to that purchase, Royal is now the 7th-largest full-service wealth management firm in the U.S.
City National also gives the bank a strong platform to further expand its U.S....
City National also gives the bank a strong platform to further expand its U.S....