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5i Recent Questions
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iShares Core Canadian Universe Bond Index ETF (XBB $27.81)
- $27.81 Cap: $7.22B
- View XBB Profile
- View Questions on XBB
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iShares Core Canadian Long Term Bond Index ETF (XLB $18.25)
- $18.25 Cap: $1.19B
- View XLB Profile
- View Questions on XLB
Q: Dear 5i team.
The following was your response to a bond question I asked in '24.
"Nothing is guaranteed, but bonds' leverage is highly correlated to their maturity. CLF has a relatively low duration of 2.8 years, whereas XLB is 15 years. As a general rule, for every 1% increase or decrease in interest rates, a bond's price will change approximately 1% in the opposite direction for every year of duration. With a bond ETF in theory the move should be similar, and thus XLB in theory should see a much larger move than CLF when rates move (either way). In reality it is not so concrete, and depends on variables in the yield curve and other factors (supply/demand). But we would be very confident in saying that if rates move lower XLB's bond portfolio should do significantly better than CLF. Owning XLB is essentially a 'bet' that rates will drop. As such, we would be fine owning both XBB and XLB for a bit more diversification of bonds. XBB's duration is 7.5 years so a good middle ground between CLF and XLB."
Been watching XLB/XBB for some time now, and both appear to be in downward trends in terms of share price, and close on yields. Rates have been steady, or in decline, so I'm completely confused.
Please take a look and try to make sense of this for me?
Many thanks for your help.
The following was your response to a bond question I asked in '24.
"Nothing is guaranteed, but bonds' leverage is highly correlated to their maturity. CLF has a relatively low duration of 2.8 years, whereas XLB is 15 years. As a general rule, for every 1% increase or decrease in interest rates, a bond's price will change approximately 1% in the opposite direction for every year of duration. With a bond ETF in theory the move should be similar, and thus XLB in theory should see a much larger move than CLF when rates move (either way). In reality it is not so concrete, and depends on variables in the yield curve and other factors (supply/demand). But we would be very confident in saying that if rates move lower XLB's bond portfolio should do significantly better than CLF. Owning XLB is essentially a 'bet' that rates will drop. As such, we would be fine owning both XBB and XLB for a bit more diversification of bonds. XBB's duration is 7.5 years so a good middle ground between CLF and XLB."
Been watching XLB/XBB for some time now, and both appear to be in downward trends in terms of share price, and close on yields. Rates have been steady, or in decline, so I'm completely confused.
Please take a look and try to make sense of this for me?
Many thanks for your help.
-
iShares Canadian Growth Index ETF (XCG $61.92)
- $61.92 Fwd P/E: 9.37X Cap: $102M
- View XCG Profile
- View Questions on XCG
-
iShares Core Canadian Universe Bond Index ETF (XBB $27.81)
- $27.81 Cap: $7.22B
- View XBB Profile
- View Questions on XBB
-
iShares S&P/TSX Capped Information Technology Index ETF (XIT $73.74)
- $73.74 Fwd P/E: 38.19X Cap: $921M
- View XIT Profile
- View Questions on XIT
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iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $38.06)
- $38.06 Fwd P/E: 5.74X Cap: $1.05B
- View CDZ Profile
- View Questions on CDZ
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iShares S&P/TSX SmallCap Index ETF (XCS $23.92)
- $23.92 Fwd P/E: 15.77X Cap: $155M
- View XCS Profile
- View Questions on XCS
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Cashbox Ventures Ltd. (CBOX.X)
Q: Seeking 5i advice regarding investing approx. $600,000 into Canadian ETFS for income and balanced approach. Considering TD Canadian Equity Index, for perhaps $100,000..
Could I please have your recommendation for the remaining amount.
Thanks in advance for your help
Rick
Could I please have your recommendation for the remaining amount.
Thanks in advance for your help
Rick
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BMO Low Volatility Canadian Equity ETF (ZLB $53.66)
- $53.66 Fwd P/E: 35.97X Cap: $4.40B
- View ZLB Profile
- View Questions on ZLB
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BMO Ultra Short-Term Bond ETF (ZST $49.03)
- $49.03 Cap: $1.68B
- View ZST Profile
- View Questions on ZST
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iShares Core Canadian Universe Bond Index ETF (XBB $27.81)
- $27.81 Cap: $7.22B
- View XBB Profile
- View Questions on XBB
-
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.76)
- $16.76 Cap: $423M
- View XHY Profile
- View Questions on XHY
Q: Hello, which fixed income: ETF/Bond/GIC investments would work best under current economic conditions of lower rates coming from the US FEDS and Canada.? And, do you suggest staying short or long? .. Of course the lowest possible risk.
Thanks
Carlo
Thanks
Carlo
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