Mackenzie Floating Rate Income ETF (MFT)

Mackenzie Floating Rate Income ETF (MFT $16.52)
- $16.52 Cap: $585M
- View MFT Profile
- View Questions on MFT

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Mackenzie Floating Rate Income ETF (MFT $16.52)
- $16.52 Cap: $585M
- View MFT Profile
- View Questions on MFT

Q: Hello
There seems to be interest in this ETF here and on BNN market call.

The price chart now being at pandemic low price catches my attention

I tried to access manager commentary but it was locked. Are you able to comment on what has driven such a poor price performance and whether the financial environment we are entering in the USA is favourable for this ETF?

We’d all like 9% yield but a waste of time if the price drops more.

Any thoughts?

Thanks
Dave

Read Answer Asked by David on January 21, 2025

Mackenzie Floating Rate Income ETF (MFT $16.52)
- $16.52 Cap: $585M
- View MFT Profile
- View Questions on MFT

Q: I have held this for years, down 20%. Is the 9.44% yield a red flag?

Read Answer Asked by Peter on January 07, 2025

Mackenzie Floating Rate Income ETF (MFT $16.52)
- $16.52 Cap: $585M
- View MFT Profile
- View Questions on MFT

Q: You had some previous thoughts on this one. I'm attracted to the 9-10% dividend but concerned about your previous comments that this one could be "hurt" by lowering interest rates. I guess that is why it is near a 52 week low. Any thoughts on this one now and as we head into 2025 ... is the ~ 9% dividend safe...it's been at ~ $ 17 for almost 2 years ... is the share price safe at around that level ?

Read Answer Asked by Randy on September 11, 2024