Boardwalk is the largest apartment REIT in Alberta and Saskatchewan, with 64.3% of its units in Alberta. As Alberta has no rent controls, Boardwalk is able to benefit from increases in rents driven by market forces. The province is the cheapest major urban market for rents and enjoys inward migration from more expensive provinces.

Watts Water is a provider of market-leading brands in water solutions, with annual sales of $1.8 billion in 2021. Its divisions provide the highest level of performance in the safeguarding of water systems, driven by code and certification, address energy efficiency needs by offering the most efficient conversion of energy sources into heat and hot water, and deliver drainage and pre-treatment systems that help with water conservation projects.

This ETF invests in the UK’s FTSE100 Index, which consists mostly of large-capitalization U.K.-based companies. Launched in March 1996, it has US$3 billion in assets under management and has a reasonable MER of 0.5%.

Algonquin’s transition into a conventional utility is paying off. The company reported first-quarter adjusted earnings of $111.6 million ($0.14 a share), up from $80.1 million ($0.11 a share) in the same period last year. Note that the company reports in US dollars.

“The company recorded a constructive first quarter of 2025 with notable year-over-year improvements in our key financial metrics,” said CEO Rod West, who took over the job in March. “Our results were solid, reflecting the strength of our core regulated utility operations.”

Johnson & Johnson (JNJ) is one of the largest healthcare companies in the world. It employs over 120,000 people in its two divisions, Pharmaceutical and MedTech. It spun off its consumer healthcare division in 2023, naming it Kenvue. About 64% of its $88.8 billion in 2024 revenues came from its pharmaceutical division, while the remaining 36% was from its MedTech operations.