-
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.79)
-
BMO Aggregate Bond Index ETF (ZAG $13.67)
-
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.35)
-
Purpose Global Bond Fund (BND $17.71)
Q: I hold 2 bond funds in my RSP, ZAG and BND. Both bought last summer after a GIC matured and I didn't want to lock in funds again at that time. Both ETFs are slightly under water on the stock price, and getting worse. Interest payments don't do much more than make me even. With a low yield (esp. ZAG), market movements can be a killer and has me thinking a money market type fund might have been better, despite lower yields still. I know you seem to think rates will be coming down - which I assume will be a plus - but the market seems to be pointing the other way. Questions:
1) would you continue to hold these funds
2) do these complement each other, which was my thinking
3) do you see either of these funds changing their monthly payments
4) are there better alternatives
Thank-you
1) would you continue to hold these funds
2) do these complement each other, which was my thinking
3) do you see either of these funds changing their monthly payments
4) are there better alternatives
Thank-you