The Globe and Mail reports in its Tuesday edition that iShares Core MSCI Canadian Quality Dividend Index ETF is a dividend fund that is often overlooked and worth your consideration. The Globe's regular guest columnist Gordon Pape writes that this ETF is designed to replicate the performance of the MSCI Canada High Dividend Yield 10 per cent Security Capped Index, net of expenses. It focuses on securities with strong overall financials including above average dividend yields, strong balance sheets and less volatile earnings. He calls this ETF's performance "strong." The fund gained 40.85 per cent in the year ending May 31 and was showing a five-year average annual compound rate of return to that point of 17.98 per cent. Mr. Pape was especially impressed by the fact the fund made a small profit in 2022, which was a downer for most of the stock market.
The fund was launched in July, 2017, and has $5.5-billion in assets under management. It has a low MER of 0.11 per cent.
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