Introducing the new TAXX ETF, an actively managed municipal bond fund. It aims to provide income-generating opportunities in higher interest rate environments. TAXX holds a mix of municipal, corporate, and securitized bonds to enhance after-tax returns. It currently offers a tax-equivalent yield of approximately 6%, making it attractive for tax-conscious investors.
An updated "3 ETF Portfolio" strategy has been introduced, offering higher returns than the previous version and the stock market.
The portfolio includes three ETFs: a US stock ETF for stability, a dividend ETF for safety and income, and a growth ETF for companies with high future growth potential.
The allocation of funds varies based on individual goals and timelines, with a recommended equal allocation among the three ETFs for long-term investors.
The Toronto Stock Exchange (TSX)'s parent company acquired VettaFi, an ETF education company, to expand its global ETF offerings. This move capitalizes on the continued popularity of ETFs, despite recent market slowdowns. The TSX aims to facilitate ETF creation, attract international investors, and leverage Canada's economic advantages with new ETFs. Since the acquisition announcement, the TSX's shares have increased by 11%, reflecting investor confidence in the company's growth strategy.
