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iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.76)
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BMO Aggregate Bond Index ETF (ZAG $13.74)
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BMO Monthly Income ETF (ZMI $19.10)
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iShares Core Canadian Short Term Bond Index ETF (XSB $26.87)
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iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.48)
Q: Im looking for ideas on the best way to park a meaningful cash position safely while still earning a competitive yield.
My priorities are:
capital preservation / low risk
strong liquidity or predictable maturities
a competitive yield relative to todays rates
flexibility to choose either monthly income distributions or annual interest payouts
Id appreciate your thoughts on the best options available in Canada today.
Specifically, how would you compare the pros and cons of:
a 10-year bond ladder
GIC's
a money market fund
a monthly income ETF such as ZMI
a high-interest savings ETF or HISA
other safe alternatives I may be overlooking
For context, this is retirement-oriented capital, so I value certainty and reliable income, but I also want to avoid having too much cash sitting at low HISA rates if there are better low-risk choices available.
Would like to understand your thoughts wrt balancing yield, liquidity, and safety in the current rate environment.
My priorities are:
capital preservation / low risk
strong liquidity or predictable maturities
a competitive yield relative to todays rates
flexibility to choose either monthly income distributions or annual interest payouts
Id appreciate your thoughts on the best options available in Canada today.
Specifically, how would you compare the pros and cons of:
a 10-year bond ladder
GIC's
a money market fund
a monthly income ETF such as ZMI
a high-interest savings ETF or HISA
other safe alternatives I may be overlooking
For context, this is retirement-oriented capital, so I value certainty and reliable income, but I also want to avoid having too much cash sitting at low HISA rates if there are better low-risk choices available.
Would like to understand your thoughts wrt balancing yield, liquidity, and safety in the current rate environment.
Q: I recently purchased the PIN Purpose Monthly Income Fund. The Purpose website shows it currently has a large weighting in high-yield corporate bonds, a fair chunk in real assets along with dividend paying equities. How would you compare this to ZMI as a small weighting for med risk retirees seeking income and inflation protection?
Portfolio Analytics is counting it as 100% equity. I also see a discrepancy for the AUM of the fund (8mm vs 40mm) on the 5i profile page. Can this be corrected?
Portfolio Analytics is counting it as 100% equity. I also see a discrepancy for the AUM of the fund (8mm vs 40mm) on the 5i profile page. Can this be corrected?
Q: Could I get your opinion on ZMI? Thanks Ron