Q: Recently I asked for alternatives for MMF559 in both MF and ETF versions. you answered with the ETF options but the Mutual Fund alternatives was missing - it looks like MF but no actual choices. below is your answer.
"MER is 1.85%, and since-inception is 4.25%. Not really overly impressive.It is a global, fixed-income multi sector income fund. ETF alternatives could be: TGFI or VGAB, largely on much lower costs and decent safe income. Versus other mutual funds, performance has been OK. We found several with lower fees but also weaker than performance. If going with a mutual fund vs an ETF, we would stay the course.
Mutual fund alternatives: "
"MER is 1.85%, and since-inception is 4.25%. Not really overly impressive.It is a global, fixed-income multi sector income fund. ETF alternatives could be: TGFI or VGAB, largely on much lower costs and decent safe income. Versus other mutual funds, performance has been OK. We found several with lower fees but also weaker than performance. If going with a mutual fund vs an ETF, we would stay the course.
Mutual fund alternatives: "
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Manulife Strategic Income Fund Advisor Ser (MMF559)
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TD Active Global Income ETF (TGFI)
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Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB)
Q: What would be a good replacement for MMF559 - could you provide a mutual fund and ETF option and brief points why. Or should I just keep it? Just not sure it's performance justifies the cost.
Thanks
Thanks
Q: Recently added to my position in Manulife Strategic Income - do you think my timing was good or bad. What is your opinion on this fund?
Thanks
Thanks