These ETFs let investors tap quality stocks

Article Excerpt

All of the major Canadian and U.S. stock markets are down in the wake of the spread of the COVID-19 virus. But we think the worst is over for many stocks, and one way to profit, while at the same time cutting risk, is to invest in ETFs. The best of these offer a diversified group of stocks while charging you low management fees. Here are five we like, and one we think you’re better off passing on. ISHARES S&P/TSX 60 INDEX ETF, $19.87, is a buy. The ETF (Toronto symbol XIU; buy or sell through brokers; 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 3.8% yield. The S&P/TSX 60 Index mostly consists of high-quality companies. However, it…

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