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  5. MFT: Hello There seems to be interest in this ETF here and on BNN market call. [Mackenzie Floating Rate Income ETF]

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Q: Hello
There seems to be interest in this ETF here and on BNN market call.

The price chart now being at pandemic low price catches my attention

I tried to access manager commentary but it was locked. Are you able to comment on what has driven such a poor price performance and whether the financial environment we are entering in the USA is favourable for this ETF?

We’d all like 9% yield but a waste of time if the price drops more.

Any thoughts?

Thanks
Dave

Asked by David on January 21, 2025
5i Research Answer:
One year return is 7.89% so it has recovered somewhat. Indicated yield is now 11.02%. The fund...
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