The CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) emphasizes investing in Canadian dividend aristocrats, screened for environmental, social, and governance (ESG) criteria. With a dividend yield of 2.73%, this ETF has delivered an impressive 11.37% return over the past year and a robust 52.02% over five years, making it an appealing choice for investors seeking reliable income from financially healthy companies. Recognized for its commitment to sustainable investing, ICAE stands out as a top-rated option on the Toronto Stock Exchange.
Pros:
- Focus on ESG criteria
- Consistent dividend growth
Cons:
- Limited market cap exposure
- Potential for lower returns compared to broader market
The CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE.TO) may be suitable for investors seeking a combination of income through dividends and a focus on sustainable investing, evidenced by its strong historical performance and ESG screening. With a solid yield and impressive returns, it appeals particularly to those who prioritize both financial health and responsible investment practices in their portfolios.