Q: Hi 5i,
May I have your current take on this ETF?
Thank you
May I have your current take on this ETF?
Thank you
5i Research Answer:
XCB follows the FTSE TMX Canada All Corporate Bond Index. It has $1.7B in assets, fees are 0.44% and 5-year return is 1.82% (three month 6.51% with the shift in rates, however). As far a Canadian corporate bond funds go, we think it is fine. The sector was hit hard when rates rose and should do better now. Fees are a bit high, which would be our main complaint here. But we would be comfortable owning it at this stage of the cycle.