Q: Recently added to my position in Manulife Strategic Income - do you think my timing was good or bad. What is your opinion on this fund?
Thanks
Thanks
5i Research Answer:
The fund lost money in 2022 (9.8%), 2021 (1.1%) and 2018 (2.5%), not exactly what one looks for in a bond fund. We would consider MER way too high at 1.85% for a fixed-income fund. It is a 'go-anywhere' fund but right now is almost entirely US investments. It does have a 4-star 10-year ranking. We would not give it very good marks at all, BUT....if interest rates are set to soon peak, it could still do fairly well. Of course, this would be also true of any bond fund right now. With an indicated yield of 2.54%, we think investors can do much better than this fund.