Thanks
It really depends on an investors' goals. High interest ETFs are great parking spaces for cash, and it is next-to-impossible for them to decline in value. Bonds can still be volatile and if rates rise a fund like PFIA could still see declines. BUT.....considering rates may be peaking in Canada, the opportunity for both yield and capital gains we think is higher with a bond fund right now. We are not fans of the 0.95% fee on PFIA but its current yield is 5.69% and with upside potential we would side with it, providing one does not want to just 'park' cash. If one needs cash within a year or two, we would stick with a high interest ETF for safety.