Your #1 ETF for 2021: SPDR S&P 500 ETF

Article Excerpt

SPDR S&P 500 ETF $379.79 (New York symbol SPY) lets you hold the top stocks of the S&P 500 Index; they’re the major U.S. companies based on market cap, liquidity and industry. The fund’s highest-weighted stocks offer a lot of appeal for investors: Apple, 6.5% of assets; Microsoft, 5.2%; Amazon.com, 4.2%; Alphabet, 3.3%; Tesla, 2.1%; Facebook, 2.0%; Berkshire Hathaway, 1.4%; Johnson & Johnson, 1.3%; and JP Morgan Chase, 1.3%. The ETF’s distribution also offers you a solid 1.5% yield, while the fund charges you a very low 0.095% MER. Going forward, investors should directly gain from U.S. economic recovery. Plus, the fund’s U.S. dollar exposure provides valuable currency diversification for Canadian investors. We see that as a long-term positive. SPDR S&P 500 ETF is a top pick for your ETF buying in 2021. In this issue we also offer you a number of other ETF buy recommendations. For instance, the ISHARES MSCI DENMARK ETF lets you own the top companies in this small but economically advanced nation. In addition, across the…