22:16:04 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



BMO Aggregate Bond Index ETF
Symbol ZAG
Shares Issued 468,856,521
Close 2023-06-09 C$ 13.44
Market Cap C$ 6,301,431,642
Recent Sedar Documents

Globe says ChatGPT likes iShares Core S&P, others

2023-06-12 07:52 ET - In the News

See In the News (C-XIC) iShares Core S&P/TSX Capped Composite Index ETF

The Globe and Mail reports in its Saturday, June 10, edition that using AI chatbot ChatGPT to build an ETF portfolio was a qualified success. The Globe's Rob Carrick writes that in seconds, it popped out a built-to-order portfolio that mainly uses popular funds you can trust. AI does not replace human intelligence -- it is too minimalist in providing the background supporting its investing choices, and some of its picks are too flakey. Mr. Carrick asked ChatGPT to build a portfolio of ETFs for a Canadian investor, with a weighting of 70 per cent stocks and 30 per cent bonds, with percentage weighting for each. Here follows what ChatGPT produced in response to the request to build a 70-30 portfolio: iShares Core S&P/TSX Capped Composite Index ETF -- 35 per cent; iShares Core MSCI All Country World ex Canada Index ETF -- 35 per cent; BMO Aggregate Bond Index ETF -- 15 per cent; iShares Canadian Corporate Bond Index ETF -- 7.5 per cent; Vanguard Canadian ShortTerm Bond Index ETF -- 7.5 per cent. Mr. Carrick says this is not a bad portfolio. He calls XAW a clever pick -- it gives exposure to U.S. stocks and markets outside North America in one package instead of having to buy multiple funds.

© 2024 Canjex Publishing Ltd. All rights reserved.