Q: Good morning,
When do you think Ztl.ca would be a buy for long term hold in RIFF
Cheers
Carl
When do you think Ztl.ca would be a buy for long term hold in RIFF
Cheers
Carl
5i Research Answer:
ZTL owns long duration US treasuries. As such, it has high leverage to interest rates. If rates move lower, the fund's portfolio will increase in value. This is a difficult call right now. We have potential tariffs likely to cause inflation, but also a slowing economy which could result in lower interest rates. We would be OK buying a partial position in this for now and seeing how the rate picture develops over the balance of 2025.