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CI U.S. MidCap Dividend Index ETF
UMI (CI U.S. MidCap Dividend Index ETF) is an index Canadian Dividend Equity ETF by CI. With a 0.35% MER, it provides diversified exposure. Quarterly distribution with a 3.38% yield.
UMI by CI is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.35% MER, its fees are in line with category averages. It pays a quarterly distribution with a 3.38% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.