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Larry Berman CFA, CMT, CTAiShares Cdn Financial Monthly Income ETFFIE.TODON'T BUYJun 13, 2016

Likes this as a diversifier. You have about 22% of preferreds, 11% of corporate bonds, all of the banks and a lot of financials, some of the big dividend payers in Canada. It isn’t diversified much beyond financials, so there is a lot of sector concentration. If you are going to put this in your portfolio, and it is 10%-20%, he would be good with that. Make it a core holding. Valuation-wise right now, he doesn’t like financials. Thinks they underperform for the next year or 2.

Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTA
Unknown
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$6.62

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
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PARTIAL BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Jan 26, 2024

Good option for real estate investors. Safer bet than over valued tech stocks. Also provides decent yield. Could also be a good option with falling interest rates. 

Photo of Mike PhilbrickMike PhilbrickUnlock Rating
$6.96

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
DON'T BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Jul 08, 2022
Strong dividend payouts has led to shares being traded for long time. Not a strong return on capital. Would not recommend buying.
Photo of John HoodJohn Hood
No
Unlock Rating
$6.93

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
COMMENT

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Apr 11, 2022
A financial, dividend paying strategy. Has banks, insurance companies and dividend payers. A concentrated investment in financials so keep this in mind for allocation. Around 6% yield. However, underlying is not earning 6%, so there is a return of capital. A tax effective way to get exposure to financials.
Photo of Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTAUnlock Rating
$7.89

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
COMMENT

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Feb 01, 2021

There are two elements to covered call strategies. There is the underlying stocks, and then the option premium. Volatility will continue to be high for the next couple years. Premiums will remain elevated. FIE pays back a part of your money back. There are a couple different elements to consider.

Photo of Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTA
Unknown
Unlock Rating
$6.83

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
DON'T BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Jun 01, 2020
It is not really diversified. This is extremely concentrated. You need to question your confidence in dividends. There is a reason this has an 8% yield and it is not because it is a safe haven.
Photo of Mike PhilbrickMike PhilbrickUnlock Rating
$5.59

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
HOLD

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Mar 26, 2020
Fixed dividend. It has a huge exposure to corporate bonds, preferred shares and a lot of the banks and insurance companies. There will be some dividend impairment for 6 months or a year. He would stick with it. If dividends get cut by the companies in it, then the ETF's dividend will probably be cut.
Photo of Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTAUnlock Rating
$5.12

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
DON'T BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Feb 11, 2020

It's like XTR--the yield you seem to get is not what you're enirely getting. He'd rather do straight bond ETF or covered call one.

Photo of John HoodJohn Hood
No
Unlock Rating
$7.43

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
COMMENT

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Aug 20, 2019
Been around for a long time. Very popular on its initial launch. Diversified financials. If you are very yield sensitive you should perhaps consider keeping it. If you are thinking of it as a real kinda cushion for your savings he would recommend a more diversified portfolio beside just financials. 53% bank allocation.
Photo of Daniel StrausDaniel StrausUnlock Rating
$6.68

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
COMMENT

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Jun 17, 2019
When you get a return of capital you are getting some of your own money back. In the next downturn, this will probably lose in the range of 30%. It's a fine ETF and the distributions are bigger than the underlying holdings. He does not like it from a couple of perspectives but there is nothing else wrong with it.
Photo of Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTAUnlock Rating
$6.86

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Apr 16, 2019
Which Canadian financials ETF to buy? Do you want income or equal weight? Defer capital gains? FIE-T pays a monthly income and include preferred shares, corporate bonds and banks stocks, so it's diversified. If you don't want this income and prefer exposure and a total return swap and defer the taxation, then he suggests HEWB-T. You don't get dividends, so it's a great way to defer capital gains. But do you want to pay an MER to hold the big 6 Canadian banks?
Photo of Mike PhilbrickMike PhilbrickUnlock Rating
$7.11

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
DON'T BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Apr 01, 2019
Thumbs down. It has a fixed distribution of 7% and if you look at what it holds you are looking at 3.5 to 4% so you are getting a return of your own money back.
Photo of Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTAUnlock Rating
$6.99

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
DON'T BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Mar 12, 2019
What percentage of the distribution would be return of capital, not profits? You can look it up on the iShares website. He hasn't looked at this ETF in a while. It's an asset-allocation portfolio ETF. It uses a lot of financials and their bond and preferred issues to build a high-yielding portfolio. It also uses 15% leverage to juice its distribution to clients. It has a mixed of assets--preferreds and bonds. Pays nearly a 7% dividend. This underperforms financial sector ETFs, either flat or lower. This should stay flat on a capital basis. Look at XFN instead. basis. IT pays a 6.% but that means little stock price movement.
Photo of Daniel StrausDaniel Straus
No
Unlock Rating
$7.01

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
DON'T BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Aug 15, 2018

Doesn't like it at all. The problem is never trust yield. If an ETF is paying a yield that's higher than the yields of the stocks within that ETF, then where is the money coming from? The way this is presented to investors is unclear and
incorrect.

Photo of John HoodJohn Hood
No
Unlock Rating
$7.46

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
DON'T BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

May 22, 2018

People buy this for the 6% yield, but the banks and high-yield companies inside this ETFs yield only half that. Where's does the rest come from? This is about a return of your own capital to goose the yield, not a return on capital. You end up with a lower adjusted cost base, so when you sell it yet get whacked with a heavier tax.

Photo of John HoodJohn HoodUnlock Rating
$7.55

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s
DON'T BUY

iShares Cdn Financial Monthly Income ETF(FIE.TO)

Mar 22, 2018

Not one of his favorites. One of those ETFs where there is the possibility of Return of Capital as opposed to Return on Capital.

Photo of John HoodJohn Hood
No
Unlock Rating
$7.47

Stock price when the opinion was issued

$11.18

As of Jun 19, 2026. Market Open.

E.T.F.'s

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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