Q: Peter; I’m thinking of buying ZLC to hold until late 2023 to fund my RRIF withdrawal in January 2024. Hoping for a little capital appreciation plus some income. I’m assuming rates start to decline thru the year. Your comments would be appreciated.Thanks.
Rod
Rod
5i Research Answer:
Any corporate bond fund carries some credit risk of course, and long bonds have more leverage. But if rates fall the fund has the potential to do well. The time frame noted is a bit short, but otherwise we would be comfortable buying this.