New ETFs for Canadian investors

Article Excerpt

Despite the large number of ETFs already on the market, Canadian managers continue to launch new funds. This month we highlight an ETF from CI Investments that selects high-quality, dividend-paying U.S. companies. The second ETF comes from Hamilton Capital Partners. It invests in North American real estate businesses—and uses a covered call strategy to boost its dividend payout. CI U.S. Quality Dividend Growth ETF $51.56 (Toronto symbol DGR.B) tracks the Wisdom Tree U.S. Quality Growth Index. The ETF launched on April 5, 2024 (although it had existed in a different form since 2016) and holds $149 million in assets. The MER is 0.39%. The fund holds 300 stocks with a market capitalization of at least $2 billion. The largest holdings by segment are Technology (33%), followed by Healthcare (16%), Financial Services (11%), and Consumer Goods (10%). The largest 10 holdings make up 36% of the portfolio. Those top holdings include Microsoft, Broadcom, AbbVie, Johnson & Johnson, Proctor & Gamble, Home Depot, and United Health. The yield is…