Stocks and ETFs to consider this RRSP season

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Three portfolio managers give their top picks for allocating to client portfolios

Ms. Hagerman says she likes the fact the ETF is designed to keep sector weights similar to the broad market, thereby avoiding large over or underweights and achieving diversified sector exposure.Ms. Hagerman’s second pick is another ETF – BMO MSCI EAFE Hedged to CAD Index ETF“If the first few weeks of 2023 are any indication, it pays to be looking outside North America to add to portfolio returns,” she says.

Andrew Pyle, senior portfolio manager and senior investment advisor with The Pyle Group at CIBC Wood Gundy in Peterborough Ont., is highlighting BCE Inc.“It’s a staple for RRSPs and with consistent dividend growth and a yield of more than 6 per cent, it checks off the income box,” he says. Mr. Pyle says margin compression across several industries is going to move the focus back to cost-cutting and improved efficiencies, which should lead to continued growth in demand for cloud services.

“With essentially all of these short to medium-term storm clouds having parted over the past few months, the long-term growth opportunity for this company is back in sharp focus,” Mr. Madden says. He notes the shares have begun to recover but remain 60 per cent below their 2020 peak, offering an attractive valuation.– the only large-cap pure-play uranium producer listed on major stock exchanges.

 

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