Q: Peter; Would this be one to buy if, as and when rates start declining- or are there better options?Thanks.
Rod
Rod
5i Research Answer:
As a 'value' fund FCCV can do well when rates rise but likely would have less 'torque' if we really entered a 'risk off' environment with declining rates. But at the same time if we enter a recession it might do relatively better. We would thus consider it a decent choice, depending on how aggressive an investor wants to be in a rate pivot.