Q: Hello, Pat. Do you have an opinion on PIMCO Global Short Maturity Fund (Canada) ETF as a parking spot for cash in this rocky and volatile market. Any feedback is appreciated. Thanks.

A: The PIMCO Global Short Maturity Fund (Canada) ETF, $20.12, symbol PMNT on Toronto (Units outstanding: 3.2 million; Market cap: $64.32 million; www.pimco.ca) was recently launched by PIMCO.

Based in Newport, California, PIMCO is one of the world’s biggest fixed-income investment managers. It’s owned by Germany-based… Read More

Q: My daughter bought shares in Loblaw last year and now with the recent changes has 13 shares of George Weston. She would like to add to her Loblaw shares, but is not sure what to do with her George Weston shares. Would it make sense to sell them and just add to her Loblaw shares or keep both and add to the George Weston holdings?

A: Loblaw Companies, $64.96, symbol L on Toronto (Shares outstanding: 369.0 million; Market cap: $24.0 billion; www.loblaw.ca), transferred its stake in Choice Properties REIT (symbol CHP.UN on Toronto) to its parent company George Weston Ltd., $91.86, symbol WN on Toronto (Shares outstanding: 153.4 million; Market… Read More

Q: May I ask your opinion on ZWB (BMO Covered Call Canadian Banks) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF)? In addition, does “covered call” offer any appreciable advantage over straight bank stocks or bank ETFs? And does the hedging of HYGH add risk or unpredictability versus the “straight” HYG? Thank you.

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… Read More