Here are five top ETFs to buy, and one to sell

Article Excerpt

The major Canadian and U.S. stock markets have moved back up since their initial COVID-19 drop. Still, they have yet to regain their 2020 highs. Nonetheless, we think the worst is over for many stocks. We see ETFs as one way for you to profit from that recovery, while cutting your risk. The best of these funds offer a diversifed group of stocks while charging you low management fees. Here are five we like, and one we think you are better off passing on. ISHARES S&P/TSX 60 INDEX ETF, $23.5, is a buy. The ETF (Toronto symbol XIU; buy or sell through brokers; ca.ishares.com) is a good low-fee way for you to buy the top companies listed on the TSX. Specifically, the fund’s holdings represent the S&P/TSX 60 Index. It focuses on the 60 largest, most heavily traded stocks on the exchange. The ETF began trading on September 28, 1999. Investors pay an MER of just 0.18%. The units give you a 3.3% yield. The S&P/TSX 60 Index…

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