+1 on iShares ETFs.
I am in the process of selling my current high MER funds and will be moving (I think) to a mixutre of CDZ (Aristocrats fund: In order to be in the fund the stock has to have paid and raised divideneds every year for the past 5 years - so it is an index that focuses on longer term perforamance companies) and XDV (which is similar, but doesn't have the same rules as the Aristocrats, and is very heavily (50%) biased towards financial institutions).
Because these are fairly small indexes they aren't as low risk as a full market index, but they fit my personal investing plan.